Bitcoin (BTC) technical analysis

٢١ يناير ٢٠٢٢

It looks like Bitcoin isn't going to change direction any time soon. Following the previous analysis, Bitcoin bounced the first horizontal line and on the second try it couldn’t act as a support line any longer, and Bitcoin broke it. Also, notice that Bitcoin bounced the downtrend line and showed its importance. Since the downtrend momentum is strong, the second horizontal line will probably break too; Unless a major change (news, announcement, etc.) happens. So, fasten your seat belt for Bitcoin to reach 30K.