BTCUSD 4-1-2023

Technical Analysis

By Shady Fouad On Jan 4, 2024

BTCUSD 4-1-2023.

Despite breaking above the resistance zone at 44,750, the prices were unable to sustain above it. Instead, they broke below and approached the significant support zone around 40,000. This suggests a potential resumption of the previous sideways movement between the zones of 40,000 and 44,750, unless there is a clear breakout or breakdown from either of these levels.

Support	41700	40500	40500
Resistance	43700	43700	46000

Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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