BTCUSD 30-1-2024

Technical Analysis

By Shady Fouad On Jan 30, 2024

BTCUSD 30-1-2024.

Prices rebounded upwards from a crucial support area near $40,000 and also penetrated the initial resistance zone within the range of $42,000, reaching approximately $43,500. However, there is a likelihood of selling pressure emerging in this zone, which could limit the momentum of the corrective movement to the upside.

Support	42300	40000	38500
Resistance	43500	44750	48000

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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