11.01.202310:36 Forex Analysis & Reviews: BTC update for January 11,.2023 - Breakout and hold above the trading range

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Technical analysis:

BTC/USD has been trading upside this morning and I found breakout of the defined trading range, which is good sign for the further upside movement.

Trading recommendation:

Due to the breakout of the trading range in the background, I see potential for the further growth towards upside references.

Watch for the potential buying opportunities on the dips with the upside objective at $18.350.

MACD oscillator is showing fresh upside momentum, which is sign that buyers are in control.

Key support zone is set at the price of $17.300

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