FX.co - BTC update for March 23,.2022 - Buyers in control and potential for further rally

2022-03-23T14:18:45

Relevance until2022-03-24

Technical analysis:

BTC update for March 23,.2022 - Buyers in control and potential for further rally

BTC has been trading downside today but I see that price is still inside of the rising channel. There is chance for the upside continuation.

Trading recommendation:

Due to upside channeling mode and buyers in control, I see potential for further upside continuation.

Watch for buying opportunities on the dips with upside objectives at $44.070 and $45.100.

MACD is showing positive reading, which is another sign that buyers are in control today.

Support level is set at $40.80

*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 23,.2022 - Buyers in control and potential for further rally