Main Quotes Calendar Forum
flag

FX.co ★ BTC update for April 12,.2023 - Potential for the upside continuation

parent
Crypto Analysis:::2023-04-12T06:50:11

BTC update for April 12,.2023 - Potential for the upside continuation

Technical analysis:

BTC update for April 12,.2023 - Potential for the upside continuation

BTC/USD has been trading upside as I expected and there is potential for the further upside continuation.

Due to the breakout of the tight triangle pattern in the background and strong upside trend, I see potential for the upside continuation.

Upside objectives are set at the price of $32.300 and $35.500

MACD oscillator is showing bullish reading, which is good sign for the further upside movement.

Short-term support is set at the price of $29.000

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...