FX.co ★ BTC update for April 05,.2022 - Buyers in control

Technical analysis:

BTC has been trading sideways at the price of $46.680. There is potential for the bigger rally due to the breakout of the main pivot in the background.

Trading recommendation:

Due to the upside momentum and the breakout of the key pivot at $45.565, I see potential for the upside continuation.

Watch forbuying opportunities on the pullbacks with the upside objective at $51.350

Stochastic is showing fresh bull cross, which is another sign and confirmation for the upside movement.

MACD is showing upside reading, which is confirmation that upside cycle is present.

Key support is set at $45.565