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Jan 21, 2023 11:54 AM

Bitcoin (BTC/USD) Daily Chart Analysis For Week of Jan 20, 2023 

Bitcoin / U.S. dollarBitstamp

Description

Technical Analysis and Outlook:
Bitcoin completed the Outer Coin Rally of $21,200 and Key Res $ 21,300 on January 14 and stayed very near the outcome throughout the week - busting through on Friday with follow-through on Saturday to complete the interim Outer Coin Rally of $23,000 (Not shown 60 min chart). The pending confirmation is in the process - Once confirmed, the pullback to Mean Sup $20,600 is inevitable. Once this puppy settles down, we will see a resurgence on the upside to finalize the Outer Coin Rally of $26,000.
Comments
JoeChampion
Good charting mate, keep them coming!
InvestMate
Thanks for the analysis
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