FX.co - BTC update for March 17,.2023 - Extreme bullish condiiton, potential for the drop

2023-03-17T08:46:35

Relevance until2023-03-18

Technical analysis:

BTC update for March 17,.2023 - Extreme bullish condiiton, potential for the drop

BTC/USD has been trading upside this morning and I see key resistance level at the price of $26.250

Due to the extreme upside condition and bear divergence on the Stochastic oscillator, I see potential for the further downside movement.

Downside objective is set at the price of $25.300

Key resistance is set at the price of $26.200

*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 17,.2023 - Extreme bullish condiiton, potential for the drop