FX.co - BTC update for April 25,.2023 - Potential for the range expansion

2023-04-25T07:40:29

Relevance until2023-04-26

Technical analysis:

BTC update for April 25,.2023 - Potential for the range expansion

BTC/USD has been trading sideways at the price of $27.300 in the very tight range. I see potential for the range expansion in the next period.

Due to the very tight consolidation, I see potential for the direction reange expansion in the next period.

Downside breakout of the support at $27.000 can confirm further downside movement towards $24.100

Upside breakout of the resistance at $27.915 can confirm further upside movement towards $29.150 and $30.500

*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 25,.2023 - Potential for the range expansion