ANALYSIS OF BITCOIN MID-TERM W 19/01/2024
1. Bitcoin is currently showing signs of selling pressure, experiencing a corrective phase around the 48k peak.
2. The closing of the W candlestick is currently a Pinbar reversal candlestick, indicating that the selling side is dominant at this point.
3. Strong support levels for buying are identified at 22,700, moderate buying at 26,687, and weak buying at 31,008.
2. The closing of the W candlestick is currently a Pinbar reversal candlestick, indicating that the selling side is dominant at this point.
3. Strong support levels for buying are identified at 22,700, moderate buying at 26,687, and weak buying at 31,008.