FX.co - BTC update for March 30,.2023 - Key resistance level on the test

30 March 2023 at 6:10AM (UTC+0)

Relevance until31 March 2023 at 6:10AM (UTC+0)

Technical analysis:

BTC update for March 30,.2023 - Key resistance level on the test

BTC/USD has been trading upside as I expected and the price reached upside objective at $28.600. Key resistance level is on the test.

Due to the test of the key resistance level I see potential for the rejection of upside continuation.

In case of the breakout of resistance level at $28.600, there is the chance for potential test of $33.500

In case of the rejection of resistance, price may move towards support again at the price of $26.770

*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 30,.2023 - Key resistance level on the test