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FX.co ★ BTC update for September 05, 2023 - Support level on the test

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Forex Analysis

2023-09-05T07:42:02
iconRelevance until2023-09-06

BTC update for September 05, 2023 - Support level on the test

Technical analysis:

BTC update for September 05, 2023 - Support level on the test

BTC/USD has been trading sideways at the price of $25.700 and I see potential for the rejection of the support or the breakout to the downside.

In case of the rejection of the support at $25.700, I see potential for the rally towards upside reference at $26.300

In case of the downside breakout of the support at $25.700, I see potential for the further 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
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