FX.co - BTC update for June 27,.2023 - Potential for the breakout mode of the trading range

2023-06-27T08:51:54

Relevance until2023-06-28

Technical analysis:

BTC update for June 27,.2023 - Potential for the breakout mode of the trading range

BTC/USD has been trading sideways at the price of $30.175 and I see potential for the breakout mode.

Due to the tight consolidation for already few days, I see potential for the directional breakout mode in order to confirm further direction.

Breakout of the resistance at the price of $30.800, might be good indication for the further rally towards 34.000

Breakout of the support at the price of $30.000, might be good indication for the further drop towards $26.850

*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 27,.2023 - Potential for the breakout mode of the trading range