Economic CalendarQuotes & ChartsForex Trading SignalsPAMM Account RatingTrading Sessions
flag English arrow
logo
Home
Publications
Top Articles Forex Analytics Forex Analysis for Beginners Video Analytics Crypto News Forex NewsForex TVForex HumorNews in Pictures Trader Journals
See also
Forex Online
Quotes & Charts Forex AnalyticsForex NewsEconomic Calendar Technical Analysis Patterns Forex Trading Signals PAMM Account Rating Trading Session Schedule
See also
Crypto
QuotesNewsTrade Crypto IFXBIT Platform #Bitcoin#Ethereum#RippleBitcoin Cash
Monitoring
Forum
Trade Now

FX.co ★ BTC update for May 08,.2023 - Channeling mode intraday

header image

Forex Analysis

8 May 2023 at 7:07AM (UTC+0)
iconRelevance until9 May 2023 at 7:07AM (UTC+0)

BTC update for May 08,.2023 - Channeling mode intraday

Technical analysis:

BTC update for May 08,.2023 - Channeling mode intraday

BTC/USD has been trading sideways for few weeks and there is still no breakout but we might see the breakout in the next period.

See also: You can open a trading account here

In case of the breakout of the resistance at the price of $30.000, there is potential for the growth towards $32.000 and $34.000

In case of the downside breakout of the support, there is the chance for the lower prices and the downside objectives at the price of $24.000 and $20.000

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Analytical expert
Go to the articles list Go to this author's articles Open trading account