Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: Bitcoin (XBTUSD): Target Achieved in 5 Days (+17.4%) and more

In today’s briefing:

  • Bitcoin (XBTUSD): Target Achieved in 5 Days (+17.4%)

Bitcoin (XBTUSD): Target Achieved in 5 Days (+17.4%)

By David Coloretti, CMT

  • On 12 January we published a bullish tactical recommendation in Bitcoin (XBTUSD).
  • We determined that Bitcoin at 18281 was evolving into a sustainable multi-month uptrend and was likely to initially target a 17.4% upswing to 21469.50.
  • •Bitcoin achieved our initial target at 21469.50 (+17.4%) on 17 January 2023.

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