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FX.co ★ BTC update for April 26,.2023 - Breakout of the tight consolidation

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Crypto Analysis:::2023-04-26T07:01:55

BTC update for April 26,.2023 - Breakout of the tight consolidation

Technical analysis:

BTC update for April 26,.2023 - Breakout of the tight consolidation

BTC/USD has been trading upside today and I found the breakout of the multi-day balance, which is good sign for the further rally.

Due to the breakout of the tight contraction and the strong upside trend in the background, I see potential for the further rally.

Upside objectives are set at the price of $30.420 and $31.000

MACD oscillator is showing upside reading and increase in momentum, which is good sign for the further higher prices.

Support is set at the price of $27.000

Analyst InstaForex
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