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18.01.2022: Forex Analysis & Reviews: Trading plan for Bitcoin for January 18, 2022
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Forex forecast 12/08/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-08-12 UTC+3
Forex forecast 11/08/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-08-11 UTC+3
Forex forecast 10/08/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-08-10 UTC+3
Forex forecast 07/08/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
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Forex forecast 06/08/2026: EUR/USD, USD/JPY, GBP/USD, Gold, SP500, Oil and Bitcoin
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Forex forecast 04/08/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-08-04 UTC+3
Forex forecast 31/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-31 UTC+3
Forex forecast 30/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, NDX, OIL, BTC
2026-07-30 UTC+3
Forex forecast 29/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-30 UTC+3
Forex forecast 28/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-28 UTC+3
Forex forecast 27/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-27 UTC+3
Forex forecast 24/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-24 UTC+3
Forex forecast 23/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-23 UTC+3
Forex forecast 22/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-23 UTC+3
Forex forecast 21/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-21 UTC+3
Forex forecast 20/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-20 UTC+3
Forex forecast 16/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-16 UTC+3
Forex forecast 15/07/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-07-15 UTC+3

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Technical outlook:

Bitcoin has dropped below $42,000 handle at the time of writing as it could be testing potential low around $41,500 mark. The crypto might bounce back strongly if bulls are able to hold prices above $39,000 level. A push above $45,000 will accelerate further towards $48,000 and $52,500 as bulls remain poised to regain control.

Bitcoin had dropped through $39,000 mark earlier before finding some support. Please note it is just below the Fibonacci 0.618 retracement of the upswing between $28,800 and $67,000 levels respectively. If the above structure holds well, bulls would be inclined to push higher towards $75,000 at least before producing a meaningful pullback.

Only a consistent break below $39,000 will drag prices lower towards $28,800 mark. In that case, the trend would be considered to have turned lower. For now, watch for a strong rally towards at least $48,000 levels to confirm bulls are back in control.

Trading plan:

Potential rally towards $52,000 against $38,000

Good luck!

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Oscar Ton,
Analytical expert of InstaForex
© 2007-2026
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