Bitcoin extended increase above the $44,000 level against the US Dollar. BTC is correcting losses, but it might find support near the $42,000 support zone. Bitcoin climbed further higher above $44,000 before it faced sellers. The price is trading near $42,750 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $43,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is correcting gains, but dips could be limited below the $42,000 level. Bitcoin Price Corrects Gains Bitcoin price extended increase above the $43,200 resistance zone. BTC even spiked above the $44,000 level on two occasions before the bears took a stand. A high was formed near $44,420 and the price is now correcting lower. There was a move below the 23.6% Fib retracement level of the key increase from the $39,660 swing low to $44,420 high. Besides, there was a break below a key bullish trend line with support near $43,250 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading near $42,750 and the 100 hourly simple moving average. On the upside, an initial resistance is near the $43,000 level. Source: BTCUSD on TradingView.com The next major resistance is near the $43,200 level. A clear move above the $43,200 level might send the price towards the $44,000 resistance. Any more gains may perhaps call for a test of the $44,400 resistance zone. The next major resistance is near the $45,500 level, where the bears might appear. More Losses in BTC? If bitcoin fails to start a fresh increase above $43,200, it could continue to move down. An immediate support on the downside is near the $42,500 zone. The first major support is seen near the $42,000 zone. The 50% Fib retracement level of the key increase from the $39,660 swing low to $44,420 high is also near the $42,000 level. A downside break below the $42,000 support zone could lead the price towards the $41,500 level. Any more losses might push the price towards the $40,500 support zone in the coming sessions. Technical indicators: Hourly MACD – The MACD is slowly losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $42,500, followed by $42,000. Major Resistance Levels – $43,200, $44,000 and $44,400.

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Toyota City, Japan, Jan 14, 2022 - (JCN Newswire) - Lexus will debut the "NX PHEV OFFROAD Concept" and "ROV Concept" for the first time at the Tokyo Auto Salon 2022, held at Makuhari Messe (Chiba City) for three days from January 14 (Fri.) to 16 (Sun.), 2022.
The two concept vehicles on display are models that embody Lexus' efforts to realize a carbon neutral society, expand customer choices, challenge to suggest diversifying and expanding lifestyles, and provide new values that exceed expectations. The aim is to balance the refined lifestyle and driving pleasure that cars provide our customers, while living in harmony with nature.

The NX PHEV OFFROAD Concept is based on Lexus' first PHEV model that went on sale in November 2021, the NX 450h+. The BEV and PHEV modes offer refined driving performance and excellent environmental performance that reduces CO2 emissions, as well as reliable driving performance by electric motor on low-friction roads. The body inspires an adventurous lifestyle with its lifted platform, off-road running all-terrain large diameter tires and beautifully finished customized bronze and matte black paint scheme.

The ROV Concept goes beyond traditional on and off-road driving along with its compact body and aims to provide a driving experience in nature unlike any passenger vehicle. In addition, it is the first Lexus vehicle to use a hydrogen engine, making it environmentally friendly while still providing stimulation and excitement made possible only through the vibrations of an engine-powered vehicle.

*Abbreviation for Recreational Off highway Vehicle. A concept car that aims to offer an enjoyable automotive lifestyle while living in harmony with nature. The ROV goes one step further into places where even off-road vehicles cannot go, all while providing excellent response and exhilarating sound that stimulates the five senses.

A 1/3 scale model of Yoshihide Muroya's Zivko Edge 540 V3 airplane will be displayed. Muroya will be participating in the Air Race World Championship this year with the "Lexus/Pathfinder Air Racing" team. Lexus and air race pilot Muroya have signed a team partnership agreement and they will further accelerate their joint efforts so that they could quickly link technologies and know-how of both sides to develop racing machines as well as the racing operation. Under the new team structure, Lexus strives to make history with Muroya to win the first championship of The Air Race. Lexus will also utilize its aerodynamic, cooling, and weight-reduction technologies and know-how gained through grueling air races to create ever-better cars for the realization of a carbon-neutral society.

For more information, visit https://global.toyota/en/newsroom/lexus/36614778.html.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comLexus will debut the "NX PHEV OFFROAD Concept" and "ROV Concept" for the first time at the Tokyo Auto Salon 2022, held at Makuhari Messe (Chiba City) for three days from January 14 (Fri.) to 16 (Sun.), 2022.

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