Technical analysis:
BTC/USD has been trading upside as I expected and the price did breakout of the trading range, which is good sign for the further rise.
Trading recommendation:
Due to the breakout of the trading range in the background, I see potential for the further upside movement.
Watch for buying opportunities on the dips with the upside objectives at the price of $24.330 and $25.000
MACD oscillator is showing bull reading, which is good sign for the further upside continuation.
Key support is set at the price of $23.400
Relevance up to 08:00 2023-01-31 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.
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