BTC/USD quotes, as it was previously assumed in the forecasts, are falling.
The cryptocurrency has broken through the lower edge of the triangle, the trend for Bitcoin has changed to a downward one. As previously assumed, the target of the fall in the BTCUSD rate will be the level of 29,200.
A strong support level is the psychologically important level of 30,000. If it is broken and the BTC / USD rate is fixed below, even more traders will lose faith in the continuation of the bullish trend in Bitcoin, and Bitcoin will be worth 26,000.
The resistance level is 32800. This is the fast signal line of the Ichimoku indicator.
Thus, the forecast for the BTC/USD rate on 01/22/2020 assumes an attempt to test the support level of 29000, and if the BTC / USD rate is fixed below - 26000.