BTC analysis for January 28,.2021 - Potential for the another downside cycle towards $26.125 and $21.965

Analyzing the current trading chart of BTC, I found that there is potential for the another downside cycle and potential test of $26,125 and $22,000.

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Watch for selling opportunities on the rallies using the short-term frames like hourly and 4h time frames with the potential downside target at $26,125 and $22,000

Stochastic oscillator got is near the extreme level, which is sign that there might be overbought condition.


Key Levels:

Resistance:$34,000

Support level: $26,125 and $21,965



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Petar Jacimovic
Analytical expert
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