FX.co ★ BTC update for March 14,.2023 - Extreme bullish condiiton

Technical analysis:

BTC/USD has been trading upside but I found extreme bullish condition (overbought) and test of key resistance zone at $25.000

Due to the extreme bullish condition and test of the key resistance zone, I see potential for the downside movement today.

Downside objective is set at the price of $22.600

Stochastic and MACD oscillators are showing fresh downside cross and overbought condition, which is another good sign for the further downside movement.

Confirmation for the downside will be if the price can break mini upside channel....

Key resistance is set at the price of $25.000