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30.01.2023 09:53 AM
BTC update for January 30,.2023 - Breakout of the trading range to the upside

Technical analysis:

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BTC/USD has been trading upside as I expected and the price did breakout of the trading range, which is good sign for the further rise.

Trading recommendation:

Due to the breakout of the trading range in the background, I see potential for the further upside movement.

Watch for buying opportunities on the dips with the upside objectives at the price of $24.330 and $25.000

MACD oscillator is showing bull reading, which is good sign for the further upside continuation.

Key support is set at the price of $23.400

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