BTC update for April 14,.2023 – Potential for the upside continuation
April 14, 2023 7:25 am
Technical analysis:
BTC/USD has been trading upside as I expected and the price is approaching first upside objective at $32.000.
Due to the strong upside cycle in the background and the breakout of the tight consolidation, I see potential for the further growth towards upside references.
Upside objectives are set at the price of $32.040 and $35.600
MACD oscillator is showing bullish reading, which is good sign for the further upside movement.
Short-term support is set at the price of $28.500
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD has
been
trading
upside
as I expected and the price is approaching first upside objective at
$32.000.
Due
to the
strong upside cycle in the background and
the breakout of the tight consolidation, I see potential for the
further growth towards upside references.
Upside objectives are
set at the price of $32.040
and $35.600
MACD
oscillator is showing bullish
reading,
which is good sign for the further upside
movement.
Short-term
support
is set at the price of
$28.500
The material has been provided by InstaForex Company – www.instaforex.com
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