FX.co ★ BTC update for August 09,.2023 - Potential for the further upside continuation

Technical analysis:

BTC/USD has been trading upside yesterday and I found that market is holding upside trend-line, which is good sign for the further upside continuation.

Due to the strong impulsive move in the background and the narrow pullback towards upside trend-line, I see potential for the further growth.

Upside objective is set at the price of $30.150

Stochastic oscillator is showing oversold condition with no bull cross...

Support level is set at the price of $29.600