BTCUSD 22 Jan 2024 on the weekly timeframe. This crypto seems unsuccessful to reverse the bearish trend that it has been experiencing since the beginning of this year. Bouncing down after touching the resistance line at the end of last year, the crypto now sits at 41138.37. When referring to the chart on the stochastic indicator, it appears that this crypto will still experience a decline towards the saturated zone. Therefore, go-short can still be an option for traders. When this crypto is able to reverse the trend and rises, then go-long can be an option. Keep an eye on market movements and consider all possibilities before making trading decisions.
