FX.co - BTC update for April 20,.2023 - Potential for the upside movement

2023-04-20T06:48:00

Relevance until2023-04-21

Technical analysis:

BTC update for April 20,.2023 - Potential for the upside movement

BTC/USD has been trading downside in the background but I found test and rejection of the key support zone at $28.800.

Due to the rejection of the key support zone and the short-term upside trend, I see potential for the upside movement.

Upside objectives are set at the price of $29.580 and $29.900

MACD oscillator is showing decrease in the downside power, which is good sign for the further rally.

Key support is set at the price of $28.800

*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 April 20,.2023 - Potential for the upside movement