FX.co - BTC update for April 19,.2023 - Potential for the upside movement

2023-04-19T07:32:41

Relevance until2023-04-20

Technical analysis:

BTC update for April 19,.2023 - Potential for the upside movement

BTC/USD has been trading downside this morning but I found that key support cluster at the price of $30.000 is on the test.

Due to the rejection of the key support cluster in the background and the short-term upside trend, I see potential for the further rally.

Upside objectives set at the price of $30.500

MACD oscillator is showing decreasing in the downside movement, which is good sign for the further upside movement.

Support is set at the price of $30.000

*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 April 19,.2023 - Potential for the upside movement