Analysts at Bexplus believe that from the time of adjustment, BTC has been trading around $32,000 for the seventh consecutive trading day, so a break through during the sideways phase is quite important. From the daily double doji completed on January 25th and January 26th, the suggested change signal is more accurate. At this time, if BTC can leave the flat area, it will prompt a significant and reliable trading signal.
In the 4-hour chart, BTC is currently below the 120-day moving average, and short-term sideways is near $31,400, which is very close to the previous closing price of $29,901 on January 5th and $31,578 on January 11st. If the currency price changes from this point, the change rate is higher. From $31,400 up to $4,1990, the highest in history, is a serious price tied-up range.
Mainstream cryptocurrencies have been ordering sideways in the short-term following the pace of BTC adjustments, and most cryptocurrencies have tended to be weak. Therefore, holding coins requires greater patience. At the key price point, BTC can see $27,694 corresponding to the 60-day moving average at the daily level. If it can be pulled upwards, the gains need to confirm a breakthrough to $33,000.
The analysis of cryptocurrencies in real-time should be taken for informational purposes only, and in no case should it be taken as an investment signal. Every investment and trading move involves risk. You should conduct your own research when making a decision.