The Bitcoin Price Has Reached First Upside Objective
Aa
Share
Technical analysis:
BTC/USD has been trading upside this morning as I expected and the price has reached first upside objective at $16.900. Key resistance is on the test and watch carefully price action to confirm further direction.
Trading recommendation:
In case of the breakout and hold above resistance zone at $16.900, watch for buying opportunities with the next upside objective at $17.300
In case of the rejection of the resistance zone, watch for selling opportunities with the downside objective at $16.655
Relevance up to 09:00 2023-01-05 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.
