BTCUSD 29-1-2024

Technical Analysis

By Shady Fouad On Jan 29, 2024

BTCUSD 29-1-2024.

Prices declined after reaching the target of 48000, breaking important support zones in the range of 44750. It is likely that these areas will act as resistance, prompting a resumption of the upward trend. The 40000 zone remains a crucial support level. However, if the level of 38500 is breached, we may see a resumption of the downward trajectory for prices.

Support	40000	38500	35000
Resistance	42000	42000	44750

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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