FX.co - BTC update for September 01, 2023

2023-09-01T07:02:35

Relevance until2023-09-02

Technical analysis:

BTC update for September 01, 2023 - Key support on the test

BTC/USD has been trading downside yesterday and the market did back into the trading range and the support at the price of $25.700

In case of the rejection of the support at the price of $25.700, there is the chance for the rally towards upside reference at $26.750

In case of the downside breakout of the support at the price of $25.700, there is the chance for the further drop towards $24.650

*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 September 01, 2023 - Key support on the test