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FX.co ★ BTC update for January 02,.2023 - Breakout of the resistance zone

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Forex Analysis

2 January 2023 at 9:01AM (UTC+0)
iconRelevance until3 January 2023 at 9:01AM (UTC+0)

BTC update for January 02,.2023 - Breakout of the resistance zone

Technical analysis:

BTC update for January 02,.2023 - Breakout of the resistance zone

BTC/USD has been trading upside this morning but I found breakout of the key resistance zone at the price of $16.630, which is sign that buyers are in control.

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Trading recommendation:

Due to the breakout of the resistance zone and hold above this key level, I see potetnial for the further growth towards next upside objective.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $16.900.

Key support is set at the price of $16.630

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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