FX.co ★ BTC update for February 02,.2023 - Breakout of the trading range

Technical analysis:

BTC/USD has been trading upside as I expected and the price has reached the upside objectives at the price of $24.000. Anyway, I see potential for further upside movement due to the strong upside momentum and the breakout of the trading range.

Trading recommendation:

Due to the strong upside pressure in the background and breakout of the key multi-day trading range, I see potential for further big growth.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $28.000

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

Key support is set at the price of $22.500