BTC update for November 10, 2023 - Triangle pattern in creation

Technical analysis:

BTC/USD has been trading in the consolidation at $36.500 and I see that triangle pattern is in creation. There is potential for the brekaout mode.

In case of the downside breakout of the support at $36.000, there is the chance for the lower price towards $35.700 and $35.000

In case of the upside breakout of the resistance at $37.000, there si the chance for the rally towards $38.000

RSI oscillator is showing reading around 50, which is sign of indecision and potential for the further breakout.