FX.co ★ BTC update for March 16,.2022 - Upside breakout of tight consolidation

Technical analysis:

BTC has been trading upside today and there is the breakout of the consolidation, which is good sign for further upside movement.

Trading recommendation:

Due to breakout of the multi-day consolidation to the upside, I see potential for the higher price on BTC.

Watch for potential buying opportunities on the intraday pullbacks with the upside objectives at $42.300 and $45.125.

Support level is set at the price of $37.800

Bigger picture : Market is is process of creation symmetrical triangle