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FX.co ★ BTC update for April 03,.2023 - Rejection fo the resistance zone

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Crypto Analysis:::2023-04-03T07:10:28

BTC update for April 03,.2023 - Rejection fo the resistance zone

Technical analysis:

BTC update for April 03,.2023 - Rejection fo the resistance zone

BTC/USD has been trading downside as I expected and I see potential for the further drop towards lower reference.

Due to the rejection of the key resistance zone in the background, I see potential for the further downside movement towards lower extreme of the trading range.

Downside objective is set at the price of $26.725

MACD is showing bearish reading, which is good sign for the downside movement....

Key resistance is set a the price of $28.800

Analyst InstaForex
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