FX.co ★ BTC update for August 24,.2023 - Potential for the breakout of the symmetrical triangle

Technical analysis:

BTC/USD has been trading in the sideways range this morning and there is the symmetrical triangle in creation, which is good sign for the further breakout mode.

In case of the upside breakout of the resistance at $26.600 and hold above, I see potential for the further growth towards $27.200

In case of the downside breakout of the support at $26.280, I see potential for the further drop towards lower reference at $25.815