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BTC update for March 23,.2022 - Buyers in control and potential for further rally

Technical analysis:


BTC has been trading downside today but I see that price is still inside of the rising channel. There is chance for the upside continuation.

Trading recommendation:

Due to upside channeling mode and buyers in control, I see potential for further upside continuation.

Watch for buying opportunities on the dips with upside objectives at $44.070 and $45.100.

MACD is showing positive reading, which is another sign that buyers are in control today.

Support level is set at $40.80

Trading analysis offered by RobotFX and Flex EA.