BITCOIN: $18K POSSIBLE.

٦ يناير ٢٠٢٣

Hello guys, welcome to this BTC update in 6 hours timeframe.

For the last couple of weeks, BTC has remained less volatile and has moved sideways with 3%-4% of ups & downs. Currently, BTC is in the blue box area and it is an important one because if we see a breakout above the blue zone then 18k is expected. For support, we already have the lower support line at 16.6k.
So, BTC has been hovering in this price range for quite some time, and looks like we have reached a point where a breakthrough is a must.

Key points:

1. Expected target: 18k.
2. Invalidation point: Close below 16.6k.
3. Confirmation: Breakout above the blue box.

Thank you for reading.

Stay healthy and trade safely.