FX.co - BTC update for September 11, 2023

2023-09-11T08:51:31

Relevance until2023-09-12

Technical analysis:

BTC update for September 11, 2023 - Support zone on the test

BTC/USD has been trading sideways at the price of $25.780 and I see that key support zone is on the test.

In case of the rejection of the support at $25.400, there is the chance for the higher price towards $26.380

In case of the downside breakout of the support zone at $25.350, there is the chance for the downside movement towards $24.820

*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 11, 2023 - Support zone on the test