FX.co - BTC update for January 25,.2023 - Potential for the upside continuation

2023-01-25T08:15:00

Relevance until2023-01-26

Technical analysis:

BTC update for January 25,.2023 - Potential for the upside continuation

BTC/USD has been trading downside this morning but there is the strong support zone and lower trend-line, which is sign that buyers can join.

Trading recommendation:

Due to the strong upside rend in the background and potential for the upside continuation, I see further growth on the BTC

Watch for the potential buying opportunities with the upside objectives at $23.320 and $24.300

Stochastic oscillator is showing bull reading, which is another sign for the further growth.

Key support is set at the price of $22.350

*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 25,.2023 - Potential for the upside continuation