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BTC/USD has been downside corrective but there is the chance for the potential upside continuation.
Due to the failed breakout of the support zone in the background, I see potential for the upside movement towards upside references.
Watch for the potential buying opportunities with the upside objectives at $22.970 and $23.350
MACD oscillator is showing decreasing of the downside movement, which is sign that sellers are losing power.
Key support is set at the price of $22.650
Relevance up to 09:00 2023-01-24 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.
