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24.03.2023 10:08 AM
BTC update for March 24,.2023 - Tight range and potential for the breakout

Technical analysis:

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BTC/USD has been trading sideways at the price of $28.460 and I see potential for the breakout mode.

Due to the strong upside trend in the background, I see potential for the upside continuation towards upper reference.

In case of the upside breakout of the resistance at $28.500, upside objectives are set at $34.000 and $35.000

MACD oscillators showing relative strength, which is good sign for the further upside movement.

Support is set at the price of $27.400

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