BTC Analysis

BTC Analysis
January 31, 2022
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MARKET ANALYSIS:

Price got rejected from the resistance level it formed at 38200 levels. MACD is showing bullish weakness and further dump can be anticipated. BTC currently getting support at 50 EMA . RSI seems neutral. I am expecting more downward movements aiming for the 4h Support, Price needs to close below $36400 in order to see some short term bearish movements aiming for the 1D support.

Mid-Term: Bullish
Short-Term: Bearish
Up Probability: 33% - Down: 67%
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