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

2023-01-19T07:28:21

Relevance until2023-01-20

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

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

Analytical expert

Petar Jacimovic

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