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BTC/USD has been trading sideways and I found the defined trading range. I see potential for the breakout play.
Due to the sideways condition, I see potential for the breakout play if the price breaks key resistance zone at $23.350.
Watch for the potential buying opportunities in case of the upside breakout of $23.350 with the upside objective at $24.330
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $22.350
Relevance up to 09:00 2023-01-25 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.
