Bitcoin(BTC/USD) Daily Chart Analysis For Week of March 31, 2023
Technical Analysis and Outlook:
The coin repeated its completed Intermediate Outer Coin Rally of $29,200 and strategic pullback to Mean Sup $29,900 this week. Also, current price action indicates a possible rinse and repeat of the trading envelope. The upside target scenario is the Outer Coin Rally of $30,000 and an eye on the following extension to the Outer Coin Rally of $31,700 and Key Res of the same price.
The coin repeated its completed Intermediate Outer Coin Rally of $29,200 and strategic pullback to Mean Sup $29,900 this week. Also, current price action indicates a possible rinse and repeat of the trading envelope. The upside target scenario is the Outer Coin Rally of $30,000 and an eye on the following extension to the Outer Coin Rally of $31,700 and Key Res of the same price.