FX.co - BTC update for March 22,.2022 - Buyers in control and potential for further rally

2022-03-22T12:07:27

Relevance until2022-03-23

Technical analysis:

BTC update for March 22,.2022 - Buyers in control and potential for further rally

BTC has been trading upside today and I see potential for the upside continuation.

Trading recommendation:

Due to the rising lows and strong rejection of the rising trend-line, I see potential for the upside movement.

Watch for potential buying opportunities on the intraday pullbacks with the upside objectives at $44.115 and $45.800.

Support level is set at the price of $40.300

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC update for March 22,.2022 - Buyers in control and potential for further rally