FX.co - BTC update for August 28,.2023 - Potential for the breakout mode

2023-08-28T08:46:39

Relevance until2023-08-29

Technical analysis:

BTC update for August 28,.2023 - Potential for the breakout mode

BTC/USD has been trading in the sideways range at the price of $25.950 and I see potential for the breakout mode in the next period.

In case of the breakout of resistance at $26.700, there is the chance for the upside movement towards upside reference at $28.000

In case of the breakout of support at the price of $25.500, there is potential for the downside towards $24.000

*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 28,.2023 - Potential for the breakout mode