Analysis of the BTC/USD cryptocurrency pair as of January 20, 2018

Analysis of the BTC/USD cryptocurrency pair as of January 20, 2018

I’m publishing yesterday’s forecast chart for the BTC/USD pair and monitoring its execution.

As can be seen from the BTC/USD chart, the price recovered to the 61.8% fib level, to the area of ​​12,264.00 USD per Bitcoin, and managed to break through this resistance level. If it manages to gain a foothold above the 61.8% fib, then there is a very high probability of growth to the area of ​​13,500.00 USD, and as I mentioned yesterday, this means a change in the downward trend. A repeat retest of the low zone (indicated in blue) is less likely.


Fil Fox
Author: Fil Fox
33
Category: Analytics

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