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FX.co ★ BTC update for February 09,.2023 - Support zone is on the test

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Forex Analysis

2023-02-09T09:39:09
iconRelevance until2023-02-10

BTC update for February 09,.2023 - Support zone is on the test

Technical analysis:

BTC update for February 09,.2023 - Support zone is on the test

BTC/USD has been trading sideways but I see that price is testing the key support zone at $22.400. There is potential for the rejection and upside rotation.

Trading recommendation:

Due to th rejection of the key support zone, I see potential for the upside rotation today.

Watch for the potential buying opportunities with the upside objectives at $23.000 and $24.000.

Key support zone is set at the price of $22.400

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