Bitcoin (BTC) Price Analysis:  Technical Holding Pattern Continues – 19 January 2024

Bitcoin (BTC/USD) extended its recent sideways trading activity early in the Asian session as the pair was unable to test significant technical levels following recent selling pressure around the 43569.23 level.  The recent high around the 49102.29 area was BTC/USD’s strongest print since late December 2021.  Trading activity has orbited the 42715.80 area for several trading sessions, a downside price objective related to recent selling pressure around the 49102.29 and 46368.67 areas.  After BTC/USD recently depreciated and tested a downside price objective around the 41208.59 area, buying pressure emerged around the 42495 area, a test of a recent upside

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