FX.co ★ BTC update for April 17,.2023 - Key support cluster on the test

Technical analysis:

BTC/USD has been trading downside in the background but I found rejection fo the key support cluster at the price of $29.800

Due to the rejection of the support zone in the background and the upside trend, I see potential for the further upside movement towards upper references.

Upside objective is set at the price of $30.535

In case of the downside breakout of the support cluster, downside objective will be set at $28.450

Support zone is set at the price of $29.800