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

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Crypto Analysis:::2023-03-20T08:45:07

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

Technical analysis:

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

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

Analyst InstaForex
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