FX.co - BTC update for April 04,.2022 - Upside continuation in the play

2022-04-04T12:10:21

Relevance until2022-04-05

Technical analysis:

BTC update for April 04,.2022 - Upside continuation in the play

BTC has been trading sideways at the price of $46.150. I see potential for the upside continuation of the bigger trend.

Trading recommendation:

Due to the test and reject of the key support at $45.600, I see potential for the upside movement.

Watch for potential buying opportunities on the dips with the upside objective at $51.350.

Stochastic is showing fresh bull cross with the MACD on the bull mode already. That is very good sign for further upside continuation.

Support is set at $44.000

*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 April 04,.2022 - Upside continuation in the play