FX.co - BTC update for September 04, 2023 - Potential for the breakout mode

2023-09-04T07:27:52

Relevance until2023-09-05

Technical analysis:

BTC update for September 04, 2023 - Potential for the breakout mode

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

In case of the upside breakout of the resistance at $26.320, I see potential for the rally towards upside references at $27.500 and $28.000

In case of the downside breakout of the support zone at $25.300, I see potential for the drop towards downside references at $24.750 and $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 September 04, 2023 - Potential for the breakout mode