BTC review dated 26.01.2023

26.01.2023

106

1 min

BTC (1H)

The overnight attempt to break out of the sideways movement was unsuccessful, bitcoin continues to trade in the $22 400-$23 300 range. The sideways trend indicates that at the moment the bulls and bears have equal strength. For further movements, one of the sides must gain an advantage. Strong support has formed in the area of $22 400, which already three times did not let the asset go lower.

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.