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Bitcoin Short Term: towards 116000

Jan 20, 2025 8:27 AM
long positions above 97000 with targets at 116000 & 131000 in extension.
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Pivot: 97000
Our preference:
long positions above 97000 with targets at 116000 & 131000 in extension.
Alternative scenario:
below 97000 look for further downside with 90000 & 80000 as targets.
Comment:
the RSI is bullish and calls for further upside.
Supports and resistances:
142000
131000
116000
108063 Last
97000
90000
80000
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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