FX.co - BTC update for July 11,.2023 - Potential for the breakout of the consolidation

2023-07-11T08:53:53

Relevance until2023-07-12

Technical analysis:

BTC update for July 11,.2023 - Potential for the breakout of the consolidation

BTC/USD has been trading sideways at the price of $30.530 and I see potential for the breakout mode.

In case of the breakout of the resistance cluster at the price of $31.400, there is a chance for the rally towards $33.500 and $34.000

In case of the breakout of the support cluster at the price of $29.600, there is a chance for the downside movement towards $28.000

*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 July 11,.2023 - Potential for the breakout of the consolidation