FX.co - BTC update for March 29,.2023 - Potential for the upside rotation

2023-03-29T05:59:32

Relevance until2023-03-30

Technical analysis:

BTC update for March 29,.2023 - Potential for the upside rotation

BTC/USD has been trading upside as I expected but I see potential for the further rally towards upper extreme of the trading range.

Due to the rejection of the support zone at the price of $26.500, I see potential for the upside movement.

Upside objective is set at the price of $28.725

MACD oscillator is showing positive reading, which is good sign for the further upside movement...

*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 29,.2023 - Potential for the upside rotation