FX.co ★ BTC update for March 20,.2023 - Strong upside momentum

Technical analysis:

BTC/USD has been trading upside this morning and I found that BTC is the very strong upside momentum and there is the chance for the further rally.

Due to the strong momentum to the upside and breakout of the 2 month high, I see potential for the further upside movement towards the important Fibonacci confluence.

Upside objectives set at $35.000

Stochastic oscillator is showing fresh bull cross, which is another good sign for the further upside movement.

Key short-term support is set at $24.500