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Mihai_Iacob
Jan 26, 2022 4:02 AM

Bitcoin can rise to 40k zone, but don't get too excited Long

Bitcoin / U.S. dollarBitstamp

Description

As I said yesterday, after finding strong bids under 34k, Bitcoin has started to rebound and now we are in a correction is underway.
At the time of writing, the price is 37400, just under a short-term resistance.
A break up to this resistance looks very likely and this can lead to further gains to the important 40k resistance.
Although I'm bullish on crypto and BTC in short term, I expect more losses after this correction.
Comments
CryptoSlayerFX
thank you for all of the hard work and solid analysis
Mihai_Iacob
@CryptoSlayerFX, thanks bro, and welcome
duck23232
40k is a good place to short
Mihai_Iacob
@duck23232, yes, my opinion too
AnonimFXRO
I think we go higher for the BTC.
TradingBonus
possible scenario
Mihai_Iacob
@Zanchy, thanks for comm
toufikeahamed6
tnx sir,, your analysis is good
Mihai_Iacob
@toufikeahamed6, thanks and welcome
yonsfx
👏
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