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Bitcoin Analysis - 18 Jan 2022

Bitcoin is printing continuously red candles on 4-hour chart (with low volume too). Bitcoin is now struggling to hold the 42,000areaandifbreakbelowthisthenwemayseeatestof42,000 area and if break below this then we may see a test of40,000 support area again (and a quick wick below it). We will only see a clear direction after the breakout of the range. We might see a quick bounce from 40ksupportasthereisahugebuywall.Buttherangewillbe40k support as there is a huge buy wall. But the range will be39500 to $45500 for next 10 days. We might see a uptrend from end of January or early February.

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