Economic CalendarQuotes & ChartsForex Trading SignalsPAMM Account RatingTrading Sessions
flag English arrow
logo
Home
Publications
Top Articles Forex Analytics Forex Analysis for Beginners Video Analytics Crypto News Forex NewsForex TVForex HumorNews in Pictures Trader Journals
See also
Forex Online
Quotes & Charts Forex AnalyticsForex NewsEconomic Calendar Technical Analysis Patterns Forex Trading Signals PAMM Account Rating Trading Session Schedule
See also
Crypto
QuotesNewsTrade Crypto IFXBIT Platform #Bitcoin#Ethereum#RippleBitcoin Cash
Monitoring
Forum
Trade Now

FX.co ★ BTC update for August 23,.2023 - Potential for the breakout

header image

Forex Analysis

23 August 2023 at 8:54AM (UTC+0)
iconRelevance until24 August 2023 at 8:54AM (UTC+0)

BTC update for August 23,.2023 - Potential for the breakout

Technical analysis:

BTC update for August 23,.2023 - Potential for the breakout

See also: InstaForex is one of the leaders in the Forex market, 12 years on the market, more than 7,000,000 active clients

BTC/USD has been trading sideways at the price of $26.000 and I see potential for the breakout mode.

In case of the upside breakout of the resistance at the price of $26.300, I see potential for the further rally towards $26.880

In case of the downside breakout of the support at $26.500, I see potential for the further drop towards $24.740

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Analytical expert
Go to the articles list Go to this author's articles Open trading account