@BOMBERuss 18 January 2022 more from that month

Bitcoin (BTC) has bounced back from minor support and is now consolidating around $42,000, possibly preparing for a breakout of the downward resistance line. Bitcoin made a bullish breakdown of the downward resistance line on January 12, and two days later turned it into support (green icon). After a weak rebound, the BTC exchange formed a slightly decreasing minimum on January 14. Then the price rebounded again, drawing another long lower wick on the chart. This is often considered a sign of pressure from buyers. The nearest resistance is located around $45,850 (Fibo 0.5 correction level and horizontal resistance).