Technical analysis by BitCapJNY about Symbol BTC on 1/9/2023

The price of bitcoin is in an important range right now -a breakout above $17.334K and things could get interesting. If price pushes above the $19.2K resistance, or the downward sloping resistance -top trendline of a falling wedge pattern that began on 18JUN2022 -I would expect to see a test of the $21K resistance, with a breakout above = price headed towards at least $30K. If price breaks out of the smaller falling wedge from 18JUN2023, the measured move target is just under the $24.589K resistance and puts price above the downward sloping resistance that began on 21NOV2021 at the $69K ATH -and would be a seriously BULLISH SIGN. While I am not yet convinced that we've seen the "bottom" of this bear market, a rally from the current price of $17.2K to at least $19.2K is very probable, and if there is volume and strength behind the rise, we could see a test of $21.149K by February. Some charts are showing some bullish structure -even though sentiment is mostly bearish across all markets right now. Fed pivot en route? If they pivot in early March, then my 3MAR23 (+/- 14days) as the time frame for a BTC bear market bottom starts to see some confluence. Have you seen the DXY? My strategy RN is: 1. Buy now, prepared to sell in March. and/or2. Prepared to buy in March. colored plots on the chart are my personal scripts.