Technical analysis by Zozman about Symbol BTC on 1/17/2023

A new uptrend may be about to start. In the past when ever the Heiken Ashi Oscilator prints a BUY signal we have seen a the start of a significant uptrend move. However, to confirm that we have seen the bottom of current cycle I would like to see the price close above the 200MA (weekly). Nonetheless, There is every indication that a new cycle has started.First target of 23,2k reached. I do expect a move to 25.5k which tests the 200MA (Weekly) over the next 30 days., then a pullback. Depending of how far we retrace we will make future analysis. The key will be filling the CME (19.9k) gap and do we stay above that 19.4k. If that breaks then hold on to your hats.