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FX.co ★ BTC update for January 19,.2023 - Potential for the upside continuation

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Crypto Analysis:::2023-01-19T07:28:21

BTC update for January 19,.2023 - Potential for the upside continuation

Technical analysis:

BTC update for January 19,.2023 - Potential for the upside continuation

BTC/USD has been trading sideways at the price $20.815 of and I see potential for the upside rotation towards upper references.

Trading recommendation:

Due to the strong bullish cycle in the background and upside momentum, I see potential for the upside movement.

Watch for the potential buying opportunities with the upside objective at the price of $23.000 (Median Line).

Stochastic oscillator is showing oversold condition and potential for the higher prices.

Key support is set at the price $20.600

Analyst InstaForex
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