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FX.co ★ BTC update for April 25,.2023 - Potential for the range expansion

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Crypto Analysis:::2023-04-25T07:40:29

BTC update for April 25,.2023 - Potential for the range expansion

Technical analysis:

BTC update for April 25,.2023 - Potential for the range expansion

BTC/USD has been trading sideways at the price of $27.300 in the very tight range. I see potential for the range expansion in the next period.

Due to the very tight consolidation, I see potential for the direction reange expansion in the next period.

Downside breakout of the support at $27.000 can confirm further downside movement towards $24.100

Upside breakout of the resistance at $27.915 can confirm further upside movement towards $29.150 and $30.500

Analyst InstaForex
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