FX.co - BTC update for February 08,.2023 - Watch for the potential breakout of the trading range

2023-02-08T08:35:41

Relevance until2023-02-09

Technical analysis:

BTC update for February 08,.2023 - Watch for the potential breakout of the trading range

BTC/USD is in the trading range at the price of $23.200. Watch for potential breakout of the trading range to confirm further direction...

Trading recommendation:

In case of the breakout of resistance at $23.900, watch for the buying opportunities on the dips with the upside objective at $25.500

In case of the downside breakout of the support at $22.400, watch for selling opportunities with the downside objective at $20.500

*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 08,.2023 - Watch for the potential breakout of the trading range