FX.co - BTC update for April 21,.2023 - Potential for the upside movement

2023-04-21T08:11:16

Relevance until2023-04-22

Technical analysis:

BTC update for April 21,.2023 - Potential for the upside movement

BTC/USD has been trading downside this morning but the key support cluster at the price of $27.850 is on the test.

Due to the tight downside channel in the background and the test of the key support cluster, I see potential for the upside movement.

Upside objective is set at the price of $29.200

Key support is set at the price of $27.800

*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 21,.2023 - Potential for the upside movement