Bitcoin BTC price trade and analysis situation on crypto market

23 Jan 2023

The weekend was quite active on the crypto market. Many cryptocurrencies grew in value, including the main one - Bitcoin

In general, it happened as we assumed in the previous idea: people started closing shorts either by themselves or by the stops, and the prices of all assets began to grow rapidly.

We assume that another impulsive growth to the $24800-25000 area is possible in the coming days

This zone is "the last bastion of the sellers' defense".
In August 2022, there was already a fierce battle between buyers and sellers in this range, and the sellers won then.

We'll see what happens this time, but in this liquidity zone, we will definitely fix some of our long positions in BTC and altcoins, taking profits. This will make it psychologically easier to "look around", make a realistic and adequate assessment of the market situation, and make the right trading decisions in the future.

Have a great trading week to all you.

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