This is the BTCUSD monthly timeframe. Let's get started right away!
1) A bullish candlestick pattern is forming on the monthly timeframe.
2) Full green candle. Notice the current months candle is trading higher than the monthly close of September, October, November and December 2022.
Bitcoin closing January 2023 above $20,500 would send a very strong bullish signal.
The very easy to reach target/resistance level on confirmation of this signal is $23,800 - $24,300, this is very easy for bitcoin if this signal is confirmed.
The price action in February will confirm if we stay at $28,000 to $31,200 or the if the doors remain open to 48K.
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