# BTC 16th January TA

By [YellowCamel](https://paragraph.com/@yellowcamel) · 2022-05-10

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Hey Guys! Doss.games is back with a short and crisp technical analysis of BTC. This analysis of BTC is done at 7:45 pm IST and on 4H timeframe.

So currently BTC is trading in a resistance channel. Two situations are possible from this point-

We also should note that “news” plays a big catalyst in the price levels of BTC, any positive/negative can make the BTC price extremely volatile and technical analysis invalid for the time being.

Please also note that this is not financial advise, DYOR before dealing in cryptocurrencies.

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*Originally published on [YellowCamel](https://paragraph.com/@yellowcamel/btc-16th-january-ta)*