05.01.202310:12 Forex Analysis & Reviews: BTC update for January 05,.2023 - Potential for the breakout of the triangle pattern

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Technical analysis:

BTC/USD has been trading sideways at the price of $16.825 and I see potential for the upside continuation towards upside reference.

Trading recommendation:

Due to the rejection of the key support zone in the background and symmetrical triangle pattern in creation, I see potential for the further growth.

Watch for the buying opportunities on the intraday dips with the upside objective at the price of $16.980

Stochastic Oscillator is showing oversold condition, which is good sign for further rally

Key support zone is set at the price of $16.765

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