Bitcoin Has A Potential For The Upside Rotation| FXMAG.COM

Technical analysis:
Trading recommendation:

Technical analysis:
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BTC/USD has been trading sideways at the price $20.815 of and I see potential for the upside rotation towards upper references.

Trading recommendation:

Due to the strong bullish cycle in the background and upside momentum, I see potential for the upside movement.

Watch for the potential buying opportunities with the upside objective at the price of $23.000 (Median Line).

Stochastic oscillator is showing oversold condition and potential for the higher prices.

Key support is set at the price $20.600

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Relevance up to 08:00 2023-01-20 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.

Peter Jacimovic

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