Technical analysis by RiskCity about Symbol BTC: Buy recommendation (4/20/2023)

The 30K zone has been a significant support in January and summer of 2021, marked with green circles.Until the Bear Flag breakdown in May 2022, highlighted with a red circle.Fast forward a year and BTC has approached the area once again.From a higher timeframe it may seem as a Break & Retest of previous support as resistance (which it may well be).BUTWe have a little acceptance in the Bear Flag zone which we previously broke down from, marked with black dotted lines.And at this current point we may we witnessing a Break & Retest of the previous resistance (also the lower line from Bear Flag), just at around 28,5K.IFThis holds true and 28,5K level is being held, I think there is more chance of BTC price increasing.HOWEVERIf 28,5K doesn't hold and we start drifting below it, BTC'd primary direction then should be to the downside.