FX.co ★ BTC update for January 10,.2023 - Breakout and hold above the trading range

Technical analysis:

BTC/USD has been trading upside as I expected and the price did price broke out of the well defined trading range, which is good sign for the further upside movement.

Trading recommendation:

Due to the breakout of the defined trading range and natural pullbacks, I see potential for further upside movement towards main objective.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $18.000.

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

Key support is set at the price of $16.900