FX.co - BTC update for May 03,.2023 - Triangle pattern in creation

3 May 2023 at 6:10AM (UTC+0)

Relevance until4 May 2023 at 6:10AM (UTC+0)

Technical analysis:

BTC update for May 03,.2023 - Triangle pattern in creation

BTC/USD has been trading sideways at the price of $28.475 in the defined triangle range. There is potential for the breakout mode.

In case of the upside breakout of resistance at $29.900, upside movement towards $31.000 and $34.000 can be in the play.

In case of the breakout of support $27.000, downside movement towards $21.400 can be in the play.

Pay attention on the potential breakout....

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC update for May 03,.2023 - Triangle pattern in creation