FX.co - BTC update for March 10,.2023 - Both objectives has been reached,potential for further downside movement....

2023-03-10T07:46:48

Relevance until2023-03-11

Technical analysis:

BTC update for March 10,.2023 - Both objectives has been reached,potential for further downside movement....

BTC/USD has been trading downside I expected and the price has reached 2 objectives at $21.500 and $20.700.

Due to the longer-term downside trend and strong downside momentum I see potential for the further downside movement.

Next downside objectives are set at $17.700 and $16.000

Macd and Stochastic oscillators are showing that sellers are in control ..

Key resistance is set at the price of $22.000

*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 March 10,.2023 - Both objectives has been reached,potential for further downside movement....