FX.co ★ BTC update for August 30,.2023 - Strong breakout of the consolidation

Technical analysis:

BTC/USD has been trading upside in the background and I found the breakout of the rectangle consolidation, which is good sign for the further potential growth.

Due to the strong upside momentum in the background and the breakout of the consolidation, I see potential for the further growth after the pullback.

Upside objective is set at the price of $28.600

MACD oscillator is showing fresh upside momentum in the background, which is another sign for the further growth.

Support level is set at the price of $26.600