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Bitcoin forecast cryptocurrency BTC / USD for the week of January 18 - 22, 2021

Bitcoin ended the last trading week with quotes in the area of ​​36 600. After an impressive growth in early January, the Bitcoin rate gradually lost its volatility, and the whole last week passed in a fairly narrow range.

On the Bitcoin chart, we see an almost formed triangle pattern. According to the technical analysis patterns, the triangle will be broken in the direction where the main trend will continue. If the triangle is broken upwards, the growth of the BTC / USD rate will continue, while the target of the Bitcoin upward movement will be the resistance level of 46,000 and above.

Bitcoin forecast cryptocurrency BTC / USD for the week of January 18 - 22, 2021

If the triangle is broken downwards, the target of the Bitcoin downtrend will be the support level of 28800.

The resistance level is the level of 40 200 (the last local maximum). Support level - 33800 (the last local minimum, as well as the trend line of the ascending channel).

Thus, the Bitcoin exchange rate forecast for the week of January 18-24 assumes testing the 33800 support level, and fixing the Bitcoin exchange rate below the 30,000 level.


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