FX.co ★ BTC update for April 04,.2023 - Rejection fo the resistance zone

Technical analysis:

BTC/USD has been trading sideways at the price of $27.900 in the defined trading range. I see potential for the downside rotation.

Due to the rejection of the key resistance zone at $29.000 in the background, I see potential for the downside rotation towards lower extreme of the trading range.

Downside objective is set at the price of $26.700

Key resistance is set a the price of $29.000