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24.01.2023 10:33 AM
BTC update for January 24,.2023 - Potential for the upside continuation

Technical analysis:

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BTC/USD has been trading sideways and I found the defined trading range. I see potential for the breakout play.

Trading recommendation:

Due to the sideways condition, I see potential for the breakout play if the price breaks key resistance zone at $23.350.

Watch for the potential buying opportunities in case of the upside breakout of $23.350 with the upside objective at $24.330

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

Key support is set at the price of $22.350

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