FX.co - BTC update for March 24,.2022 - Buyers in control, potential for test of $45.000

2022-03-24T12:28:40

Relevance until2022-03-25

Technical analysis:

BTC update for March 24,.2022 - Buyers in control, potential for test of $45.000

BTC has been trading upside as I expected. The price is getting closer to my upside objective at $44.070. I see potential for upside continuation.

Trading recommendation:

Due to well-defined upside channel and rising trend, I see potential for bullish movement to continue.

Watch for buying opportunities on the intraday dips with the upside objectives at $44.070 and $45.100.

MACD is showing positive reading and increase in momentum, which is another sign an confirmation for bullish view.

Support level is set at the price of $41.900

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC update for March 24,.2022 - Buyers in control, potential for test of $45.000