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20.01.202310:17 Forex Analysis & Reviews: BTC update for January 20,.2023 - Potential for the upside continuation

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Technical analysis:

BTC/USD has been trading sideways at the price of $20.960. I see potential for the further rise towards the upside resistance zone.

Trading recommendation:

Due to the rising trend line in the background and rejection of the support zone in the background, I see potential for the further rise.

Watch for the potential buying opportunities with the upside objective at $21.570.

Stochastic Oscillator is showing oversold condition and potential for the fresh bull cross.

Key support is set at the price of $20.700

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