The Movement Of Bitcoin Suggest Further Growth
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Technical analysis:
BTC/USD has been trading upside this morning and I found breakout of the defined trading range, which is good sign for the further upside movement.
Trading recommendation:
Due to the breakout of the trading range in the background, I see potential for the further growth towards upside references.
Watch for the potential buying opportunities on the dips with the upside objective at $18.350.
MACD oscillator is showing fresh upside momentum, which is sign that buyers are in control.
Key support zone is set at the price of $17.300
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Relevance up to 09:00 2023-01-12 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
