BTC update for April 04,.2023 – Rejection fo the resistance zone
April 4, 2023 7:23 am
Technical analysis:
BTC/USD has been trading sideways at the price of $27.900 in the defined trading range. I see potential for the downside rotation.
Due to the rejection of the key resistance zone at $29.000 in the background, I see potential for the downside rotation towards lower extreme of the trading range.
Downside objective is set at the price of $26.700
Key resistance is set a the price of $29.000
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD has
been
trading sideways
at the price of $27.900 in the defined trading range. I see potential
for the downside rotation.
Due
to the rejection of the key resistance zone at
$29.000 in the background, I see potential for the downside rotation
towards lower extreme of the trading range.
Downside
objective is set at the price of $26.700
Key
resistance
is set a the price of $29.000
The material has been provided by InstaForex Company – www.instaforex.com
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