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BTC/USD has been trading upside as I expected and the price has reached the upside objective at $23.400 but it also did rejection, which is sign of the sideways regime.
Due to the rejection in the background from the key resistance zone, I see potential for the range development in the next period.
Key resistance is set at the price of $23.200 and watch for downside rotations around resistance with the downside objective at $22.500
Key support zone is set at the price of $23.400
In case of the upside breakout of resistance zone at $23.200, watch for buying opportunities with the upside objective at $24.325
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Relevance up to 09:00 2023-01-27 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
