FX.co ★ BTC update for July 17,.2023 - Key support cluster on the test

Technical analysis:

BTC/USD has been trading downside as I expected and the price reached our downside objective at $30.100. Anyway, the price is still in defining trading range and there is potential for the breakout mode.

In case of the breakout of the support cluster at $29.550 and hold below, there is the chance for the drop towards $28.000

In case of the breakout of the resistance cluster at $31.700, there is the chance for the growth towards $34.000