Technical analysis of BTC/USD 05/04/2022

Bitcoin at (1H) is trading in a downward channel. The price broke through the support of 38,000, falling to 37,400. After that, it corrected and is currently trading around 38,000.

The technical picture suggests a continuation of the downward movement with the target of 34,500.

The nearest resistance is the level of 39,000.

BTCUSDH1

Created by Joshua Hayn

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