FX.co ★ BTC update for February 13,.2023 - Broken trading range to the downside

Technical analysis:

BTC/USD has been trading downside and I found the breakout of the bigger trading range and the bear flag pattern, which is strong sign for the further downside movement.

Trading recommendation:

Due to the breakout of the trading range and the downside momentum, I see potential for the further drop.

Watch for the potential selling opportunities with the downside objective at the price of $20.300

MACD oscillator is showing neutral reading

Resistance zone is set at $21.900