BTC analysis for January 05,.2021 - Potential for the bigger drop

Technical analysis: BTC has been trading sideways at the price of $46,150. There is potential for the bigger drop but the price would need to breakout the key support at 45,500 to confirm downside direction. Trading recommendation: Watch for potential selling opportunities in case of the downside breakout of support at $45,500. Downside objective is set at the price of $42,075 Key resistance is set at $48,560The material has been provided by InstaForex Company - www.instaforex.com
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