The Upside Movement Of The Bitcoin Can Be Continued
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Technical analysis:
BTC/USD has been trading upside as I expected and there is the potential for the further growth towards the upper references.
Trading recommendation:
Due to the breakout of the defined trading range to the upside, I see potential for the further growth.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $16.900
Stochastic oscillator is showing fresh bull cross and potential for the further growth.
Key support is set at the price of $16.500
Relevance up to 08:00 2023-01-04 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.
