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25.01.202310:15 Forex Analysis & Reviews: BTC update for January 25,.2023 - Potential for the upside continuation

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Technical analysis:

Exchange Rates 25.01.2023 analysis

BTC/USD has been trading downside this morning but there is the strong support zone and lower trend-line, which is sign that buyers can join.

Trading recommendation:

Due to the strong upside rend in the background and potential for the upside continuation, I see further growth on the BTC

Watch for the potential buying opportunities with the upside objectives at $23.320 and $24.300

Stochastic oscillator is showing bull reading, which is another sign for the further growth.

Key support is set at the price of $22.350

Petar Jacimovic
Analytical expert of InstaForex
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