FX.co - BTC update for June 14,.2023 - Potential for rejection or the breakout mode

2023-06-14T07:54:07

Relevance until2023-06-15

Technical analysis:

BTC update for June 14,.2023 - Potential for rejection or the breakout mode

BTC/USD has been trading sideways at the price of $25.900 and there is potential for rejection or the breakout of the support.

Due to the sideways market and support at the price of $1.940 on test, pay attention on the price action around this key support.

In case of the downside breakout of the support, I see potential for the downside movement towards $25.000

In case of the rejection of the support zone, I see potential for the rally towards $26.300

*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 June 14,.2023 - Potential for rejection or the breakout mode