On Jan. 20, BTC rose to a new record in several months, with trend analysis trading range above $18000.

The Bitcoin price range is "clearly defined"

Cointelegraph Markets Pro and TradingView statistics show that Bitcoin against the dollar has been tested, but remains at the support line of $21000.

As January's third flammable trading week drew to a close, the two currencies rose slightly at the start of new homes on Wall Street, in line with US stocks.

Although there are concerns about the fundamental energy of this rebound, Bitcoin once again prevents a big adjustment, and an analysis of the order information in the trading center shows that $23000 will be the next area of great friction resistance.

"I think the lack of bitcoin liquidity below US $18000 and above 23000 yuan indicates a lack of confidence in this level at this stage," the chain said in a message about the setting of Binance order information.

"nothing can change the hot plate as the price falls through the support line or the pressure level, but for now, the buying and selling range is defined."

The chart also shows that there are important bids applicable at the psychological level of just over $20000.

In terms of near-term goals, Crypto Ed, a popular trader and investment analyst, wants to rise to $21500 and fall to $19800 before turning things around.

He upgraded the report on YouTube that day: "I still believe that we will also guarantee this, maybe we are already on the way to advance this overall goal."

For CJ, who is also a trader, the area around $21400 is also important, she told her followers in Twitter. It will be a place to get bigger.

Investment analyst: Bitcoin should be able to "get closer" to gold

With the size of the business becoming smaller, others are concerned about the ever-impressive market of emergency safe-haven gold. On January 19th, emergency safe haven gold set a new nine-month record.

In a debate in Twitter, people in the industry are closely around the possibility of a continuous pursuit of mobile games between gold and Bitcoin. Researchers and big data analyst James V Strateng feel that gold and Bitcoin in 2022 are "mirror systems" of each other.

Discussing the dangers of the Fed's policy market movements, she pointed out: "I block the difference that BTC becomes smaller very quickly."

Mr Stratten added that Bitcoin against the dollar had "traced back to the collapse of the entire FTX and was close to the narrative prologue of DCG", referring to the continuing shortcomings of access to the password financial group Digital currency Group (Digital Currency Group).

As Cointelegraph reported, the expectation was that Bitcoin would learn from gold after it rebounded from its lowest point.