FX.co ★ BTC update for January 12,.2023 - First upside objective has been reached

Technical analysis:

BTC/USD has been trading upside as I expected and the price has reached the first upside objective at the price of $18.000. Upside momentum is still strong.

Trading recommendation:

Due to the strong upside pressure in the background , watch for potential continuation towards upper levels.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $20.000

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

Key support is set at the price of $17.000