FX.co - BTC update for March 01,.2023 - Key resistance on the test

2023-03-01T08:06:53

Relevance until2023-03-02

Technical analysis:

BTC update for March 01,.2023 - Key resistance on the test

BTC/USD has been trading sideways in the last few hours and market is in the key resistance cluster at $23.850.

Watch for potential breakout or rejection of the key resistance zone.

In case of the rejection fo the key resistance zone at $23.850, downside movement is possible towards $23.000

In case of the breakout above the resistance at $23.850, there is potential for the higher prices towards $24.500

*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 01,.2023 - Key resistance on the test