BTC AnalysisJanuary 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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.