$BTC Potential Support

14 Jan 2022

BTCUSDT has been underperforming lately, falling into the 40k range once again. The stochastic is starting to show bullish momentum, and 40k is a massively important structural area, but at the same time we see a death cross ensuing as the 50 MA dips below the 200 MA. If this 40k zone holds, Bitcoin and the rest of the crypto market could potentially start a solid recovery, or at least a temporary bounce. However, if BTC starts to break down that level, things will likely go much lower as people go negative on positions and sell out. I am planning on resuming my routine of making watchlist videos, so be sure to follow! Good Luck!