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Technical analysis:
BTC/USD has been trading sideways in the defined trading range and I see potential for the breakout play.
Trading recommendation:
There is potential for the breakout of the trading range and the resistance zone at $23.300.
In case of the upside breakout, watch for buying opportunities on the dips with the upside objective at the price of $24.320
MACD is showing positive reading and strong upside trend in the background, which is good sign for the further upside movement.
Key support zone is set at $22.300
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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