FX.co - BTC update for June 23,.2023 - Potential for the breakout mode of the trading range

2023-06-23T08:27:40

Relevance until2023-06-24

Technical analysis:

BTC update for June 23,.2023 - Potential for the breakout mode of the trading range

BTC/USD has been trading sideways at the price of $29.000 and I see potential for the breakout mode in the next period.

In case of the upside breakout of resistance at $30.700, I see potential for the further growth towards $34.000

In case of the downside breakout of the support level at $29.500, I see potential for the further drop towards $27.000

*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 23,.2023 - Potential for the breakout mode of the trading range