bitcoin short term technical analysis

for seventh time support at 41200 rebound bitcoin price up , and that good sign for up trend recovery for short time , and need to break 46000 - 48000 and 53000 for strong up trend

Hi all

bitcoin behavior lead to downtrend ,so when break 39600 , price will go 35500 - 36000

Date 13-1-2022

Bitcoin technical analysis for short term

on 10-1-2022 , support at 39630 turn away the price for second time on weekly chart , first time was on 22-9-2021
and also also up trend on weekly chart ( yellow line in bellow image )was strong to turn away the price too

Now price expected to visit 46000 - 48000

But we could not consider that indicate for up trend till the price cross 53000 for days

bitcoin short term technical analysis

as bitcoin could not cross 40500 and close below it for one day , the price will recover to

46000 - 74300 - 48700

and at that time we will see if the price will go up or go down

if bitcoin price cross 40500, it will go down

we have these supports

S1 39300

S2 37900

S3 35000

Buy SLP 0.0186 usdt

Stop 0.015

Target 1 0.033 usdt

Target 2 0.054 usdt