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Technical analysis:

cryptocurrency there are a few signs that bitcoin price may increase grafika numer 1cryptocurrency there are a few signs that bitcoin price may increase grafika numer 1

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

Read next: According to the InstaForex analyst's technical analysis, gold price can rise further| FXMAG.COM

Relevance up to 09:00 2023-04-27 UTC+2 This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Read more: https://www.instaforex.eu/forex_analysis/321191

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