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BTCUSD Technical Analysis

On the daily chart below for BTCUSD, we can see that the price has pulled back to the previous resistance now turned support. The buyers are likely to defend this level with the red long period moving average offering extra support. The sellers will pile in if the price keeps falling below this level and target the 25231 level. Today the risk event for Bitcoin is the US Jobless Claims report and tomorrow the US PMIs. If the data points to a recession, then we should see the cryptocurrency sellin... Read More

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Btcusd

Technical

Analysis

Forex

Posted: Apr 20 2023, 09:16

Author Name: forexlive

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