17.01.202309:35 Forex Analysis & Reviews: BTC update for January 17,.2023 - Trading range and potential for the breakout

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Technical analysis:

BTC/USD has been trading sideways at the price of $21.000 but I see potential for the breakout play.

Trading recommendation:

In case of the upside breakout and hold above the level of $21.200, I see potential for the rally towards $22.000

In case of the downside breakout of the support zone at $20.600, watch for selling opportunities with the downside objective at $19.800

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