BTC review dated 16.01.2023

16.01.2023

217

1 min

BTC (1D)

Buyers managed to keep their superiority in the market and fix above $21 000. Now bitcoin fully won back the fall, which occurred after the collapse of the FTX crypto exchange in November last year. Also, one can see a clearly formed “double bottom” pattern on the daily timeframe. After 30% growth since the beginning of the year, bitcoin may need a period of local correction and trading in a new range.

The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.