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BTC update for March 28,.2022 - Breakout of multi-month consolidation

Technical analysis:


BTC has been trading and there is the breakout of the 2-month consolidation in the background, which is sign that buyers are in control.

Trading recommendation:

Due to the breakout of the contraction in the background, I see potential for the further upside movement.

Watch for buying opportunities on the pullbacks wih the upside objective at the price of 51.600.

Stochastic is showing overbought condition but with no evidence for the reversal.

Support level is set at the price of $44.000

Trading analysis offered by RobotFX and Flex EA.