FX.co - BTC update for August 11,.2023 - Key support zone on the test

2023-08-11T11:15:42

Relevance until2023-08-12

Technical analysis:

BTC update for August 11,.2023 - Key support zone on the test

BTC/USD has been trading in the sideways range at the price of $29.360. Key support at the price of $29.300 is on th test.

In case of the breakout of the support zone at $29.285, I see potential for the further drop towards $29.130

In case of the rejection of the support zone at $29.285, I see potetnial for the further rally towards upside extreme at $29.630

*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 August 11,.2023 - Key support zone on the test