FX.co - BTC update for August 29,.2023 - Potential for the breakout mode

2023-08-29T07:18:03

Relevance until2023-08-30

Technical analysis:

BTC update for August 29,.2023 - Potential for the breakout mode

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

In case of the breakout of the support cluster at $25.800, there is the potential for the drop towards lower reference at $24.600

In case of the rejection fo the support cluster at $25.800, there is the chance for the rotation back towards upside reference at $26.600

*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 29,.2023 - Potential for the breakout mode