FX.co - BTC update for May 10,.2023 - Key support zone on the test

10 May 2023 at 6:55AM (UTC+0)

Relevance until11 May 2023 at 6:55AM (UTC+0)

Technical analysis:

BTC update for May 10,.2023 - Key support zone on the test

BTC/USD has been trading sideways at the price of $27.600 and there is potential for the breakout or rejection of the support.

In case of the rejection of the support at $27.000, there is potential for the uspide rotation towards $29.800

In case of the breakout of the support at $27.000, there is potential for the downside movement towards $25.000 and $24.200

*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 10,.2023 - Key support zone on the test