Upside Momentum Of Bitcoin Is Still Strong| FXMAG.COM

Technical analysis:
Trading recommendation:

Technical analysis:

upside momentum of bitcoin is still strong grafika numer 1

BTC/USD has been trading upside as I expected and the price has reached the first upside objective at the price of $18.000. Upside momentum is still strong.

Trading recommendation:

Due to the strong upside pressure in the background , watch for potential continuation towards upper levels.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $20.000

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

Key support is set at the price of $17.000

Relevance up to 09:00 2023-01-13 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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Peter Jacimovic

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Upside Momentum Of Bitcoin Is Still Strong

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Technical analysis:

Trading recommendation:

Peter Jacimovic

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