FX.co - BTC update for February 06,.2023 - Support zone is on the test

2023-02-06T08:30:54

Relevance until2023-02-07

Technical analysis:

BTC update for February 06,.2023 - Support zone is on the test

BTC/USD has been trading downside but key support zone at the price of $22.600 is on the test.

Trading recommendation:

In case of the rejection of the support zone, watch for buying opportunities with the upside objective at $24.000

In case of the breakout of the support zone at $22.600, watch for selling opportunities with the downside objective at $20.520

The higher time-frame trend is still bullish.

*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 February 06,.2023 - Support zone is on the test