BITCOIN: CREATING NEW SUPPORT LEVELS.

١٩ يناير ٢٠٢٣

Hello traders, I hope you all are doing well with your health and your trades. Here's a quick update on BTC in a daily timeframe.

BTC has shown some rejection lately which is close to -6% in a single day. The denial may continue but only if it can break below the support 1 level at 20.35k. If BTC breaks down below the S1 level, we can expect the price to reach 19k and then a possible bounce back.
For now, if BTC maintains the support 1 level, it needs a breakout above 21.5k to continue a higher rally.

In long term, I am bullish on BTC and if BTC shows some correction then I will accumulate more.

That's it, for now. I will update BTC in a shorter timeframe as well.

Thank you for reading. Trade safely.