FX.co ★ BTC update for July 24,.2023 - Key support cluster on the test

Technical analysis:

BTC/USD has been trading sideways at the price of $30.000. I see potential for the rejection of the breakout mode.

In case of the rejection of the key support cluster at the price of $29.600, there is the chance for the rally towards upside references at $30.350 and $31.400

In case of the downside breakout to the support cluster at $29.600 and hold below, there is the chance for the the drop towards lower references at $28.330 and $27.300