23.01.202310:01 Forex Analysis & Reviews: BTC update for January 23,.2023 - Potential for the upside continuation

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Technical analysis:

BTC/USD has been downside corrective but there is the chance for the potential upside continuation.

Trading recommendation:

Due to the failed breakout of the support zone in the background, I see potential for the upside movement towards upside references.

Watch for the potential buying opportunities with the upside objectives at $22.970 and $23.350

MACD oscillator is showing decreasing of the downside movement, which is sign that sellers are losing power.

Key support is set at the price of $22.650

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