BTCUSD 17-1-2024

Technical Analysis

By Shady Fouad On Jan 17, 2024

BTCUSD 17-1-2024.

Prices declined after reaching the target of 48000, breaking important support zones around 44750. It is likely that these support-turned-resistance zones will limit further upside movement, and there is a potential for a continuation of the uptrend.

Support	42000	40000	37800
Resistance	44750	48000	48900

Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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