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30.03.202308:10 Forex Analysis & Reviews: BTC update for March 30,.2023 - Key resistance level on the test

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Technical analysis:

Exchange Rates 30.03.2023 analysis

BTC/USD has been trading upside as I expected and the price reached upside objective at $28.600. Key resistance level is on the test.

Due to the test of the key resistance level I see potential for the rejection of upside continuation.

In case of the breakout of resistance level at $28.600, there is the chance for potential test of $33.500

In case of the rejection of resistance, price may move towards support again at the price of $26.770

Petar Jacimovic
Analytical expert of InstaForex
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