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Bitcoin trying to grind higher

20 Jan, 2022

Bitcoin has been making some limited progress so far today, but the gains are hard fought. Earlier the lead cryptocurrency was edging back towards 41,500, gradually as the European morning has progressed the price has managed to climb back above 42k. The high set not long ago was at 42,243. The range seen so far today has been covered by 41,654 to that earlier high at 42,243. Beyond the immediate price action, the previously noted double bottom, in place at 39,624 and 39,663 is still guarding the downside. The 21 day moving average is still capping the topside and in place right now at 43,532. Bitcoin is currently trading at 42,025
 

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