FX.co ★ BTC update for April 26,.2023 - Breakout of the tight consolidation

Technical analysis:

BTC/USD has been trading upside today and I found the breakout of the multi-day balance, which is good sign for the further rally.

Due to the breakout of the tight contraction and the strong upside trend in the background, I see potential for the further rally.

Upside objectives are set at the price of $30.420 and $31.000

MACD oscillator is showing upside reading and increase in momentum, which is good sign for the further higher prices.

Support is set at the price of $27.000