FX.co - BTC update for March 31,.2023 - Rejection fo the resistance zone

2023-03-31T05:46:18

Relevance until2023-04-01

Technical analysis:

BTC update for March 31,.2023 - Rejection fo the resistance zone

BTC/USD has been trading upside sideways at the price of $28.165. I see potential for the downside rotation.

Due to the rejection fo the key resistance zone at $29.000, I see potential for the downside movement towards lower end of the bracket.

Downside objective is set at the price of $26.680

In case of the aggressive breakout of the $29.000 to the upside there is potential for test of $34.000

*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 31,.2023 - Rejection fo the resistance zone