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Apr 7, 2023 12:53 PM

Bitcoin(BTC/USD) Daily Chart Analysis For Week of April 7, 2023 

Bitcoin / U.S. dollarBitstamp

Description

Technical Analysis and Outlook:
The coin price action blitzed under its completed Intermediate Outer Coin Rally of HKEX:29,200 and strategic pullback to Mean Sup HKEX:29,900 this week. Current price action suggests a vital decline to Mean Sup HKEX:26,900. The upside target scenario is the Outer Coin Rally of HKEX:30,000, and the extension to the Outer Coin Rally of HKEX:31,700 and Key Res of the same price is not viable now.
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