FX.co - BTC update for July 13,.2023 - Potential for the breakout of the consolidation

2023-07-13T08:36:41

Relevance until2023-07-14

Technical analysis:

BTC update for July 13,.2023 - Potential for the breakout of the consolidation

BTC/USDhas been still trading sideways at the price of $30.400 and there is the chance for the breakout mode.

In case of the breakout of the resistance at the price of $31.450, there is potential for the rally towards $33.700 and $34.000

In case of the downside breakout of the support at $29.600, there is the chance for the further drop towards $28.360

*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 13,.2023 - Potential for the breakout of the consolidation