FX.co ★ BTC update for April 14,.2023 - Potential for the upside continuation

Technical analysis:

BTC/USD has been trading upside as I expected and the price is approaching first upside objective at $32.000.

Due to the strong upside cycle in the background and the breakout of the tight consolidation, I see potential for the further growth towards upside references.

Upside objectives are set at the price of $32.040 and $35.600

MACD oscillator is showing bullish reading, which is good sign for the further upside movement.

Short-term support is set at the price of $28.500