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FX.co ★ BTC update for March 06,.2023 - Potential for the downside continuation

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Crypto Analysis:::2023-03-06T09:06:22

BTC update for March 06,.2023 - Potential for the downside continuation

Technical analysis:

BTC update for March 06,.2023 - Potential for the downside continuation

BTC/USD has been trading sideways at the price of $22.400 after the drop in the background. There is the potential for the downside continuation.

In case of the downside breakout of the flag pattern and breakout of the $22.000, I see potential for the further drop towards the $20.700

In case of the rally, there is the big resistance Fibonacci cluster at $23.250. Potential for the downside continuation of the zone in case of the rally first...

Analyst InstaForex
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