Bitcoin Prices Has A Potential For Further Upside Movement

Technical analysis:
Trading recommendation:

Technical analysis:

bitcoin prices has a potential for further upside movement grafika numer 1

BTC/USD has been trading upside as I expected and the price did price broke out of the well defined trading range, which is good sign for the further upside movement.

Trading recommendation:

Due to the breakout of the defined trading range and natural pullbacks, I see potential for further upside movement towards main objective.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $18.000.

MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.

Key support is set at the price of $16.900

Advertising

Relevance up to 09:00 2023-01-11 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

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Bitcoin Prices Has A Potential For Further Upside Movement

Table of contents

Technical analysis:

Trading recommendation:

Peter Jacimovic

Topics

Read more