Bitcoin Is Showing A Good Sign For Further Rally
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Technical analysis:
BTC/USD has been trading sideways at the price of $16.825 and I see potential for the upside continuation towards upside reference.
Trading recommendation:
Due to the rejection of the key support zone in the background and symmetrical triangle pattern in creation, I see potential for the further growth.
Watch for the buying opportunities on the intraday dips with the upside objective at the price of $16.980
Stochastic Oscillator is showing oversold condition, which is good sign for further rally
Key support zone is set at the price of $16.765
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Relevance up to 09:00 2023-01-06 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.
