FX.co ★ BTC update for January 13,.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. Anyway, I see potential for further upside movement due to the strong upside momentum.

Trading recommendation:

Due to the strong upside pressure and the breakout of the resistance zone at $18.000, I see potential for the further upside movement towards next upside reference.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $21.000

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

Key support is set at the price of $18.300