Attached is the 4-hour chart of BTC against USD, at a focal price of $22,866 (own elaboration in Tradingview). We can observe how the candlesticks have formed a symmetrical triangle at this timeframe which, if broken to the upside, points to $24,900. The breaks observed have lacked strength, perfectly respecting the support of the 200-period exponential moving average. This is a good sign since the relative strength index has remained in a range between 50% and 65% in January, which is typical of a bull run. Everything points to a good start to the year. We will keep you updated on further developments.
Chart – BTC projection against USD (01-24-2023)