As the New-year started, BTCUSD price began issuing more ascending signals and it seems as if 2023 would be a bullish year for the Crypto market. As the price chart reveals, the price line of BTC has been bouncing between a resistance and a support zone. These areas are indicated as two yellow boxes, below and above the price line. A descending trend line could be considered for the BTC price line, which has already been broken. The price line is currently making attempt to break above the Icimiku Cloud. Buyer could enter long positions in case the ascending wave maintains after the price line break above the cloud.

• There is a resistance level at 16900 followed by resistance at17201 and 17500.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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