FX.co ★ BTC update for June 29,.2023 - Potential for the breakout of the tight trading range

Technical analysis:

BTC/USD has been trading sideways at the price of $30.400 and I see potential for the breakout mode.

Due to the multi day consolidation, I see potential for the breakout play.

Downside objectives are set at the price of $1.861 and $1.812

In case of the breakout of the resistance at the price of $31.000, I see potential for the upside movement towards the $34.500

In case of the downside breakout of the support at the price of $29.800, I see potential for the downside movement towards $26.900