Technical analysis of BTC/USD 01/27/2023

Bitcoin found support at 15,460, after which it resumed growth. The price fixed above 22,500 (MA 200) and is currently consolidating around 23,000.

The technical picture suggests a possible continuation of the upward correction to the resistance level of 28,000 (23.6% Fibo).

Cancellation of the option for the development of an upward correction will be a decrease in quotes below the low of 15,460, which will mean a continuation of the downtrend with a potential target around 13,000.


Created by Joshua Hayn

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