FX.co - BTC update for April 27,.2023 - Potential for the breakout of the triangle pattern

27 April 2023 at 8:44AM (UTC+0)

Relevance until27 April 2023 at 9:44AM (UTC+0)

Technical analysis:

BTC update for April 27,.2023 - Potential for the breakout of the triangle pattern

BTC/USD has been trading sideways at the price of $29.000 and there is potential for breakout of the tight symmetrical triangle pattern.

In case of the breakout of the support at the price of $28.680, I see potential for the market to go towards $27.700

In case of the upside breakout of the resistance at the price of $29.270, I see potential for the further growth towards $30.00

*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 27,.2023 - Potential for the breakout of the triangle pattern