FX.co - BTC update for September 21, 2023 - Symmetrical triangle pattern in creation

2023-09-21T08:29:04

Relevance until2023-09-22

Technical analysis:

BTC update for September 21, 2023 - Symmetrical triangle pattern in creation

BTC/USD has been trading sideways at the price of $27.000 and I see potential for the breakout mode.

In case of the breakout of the resistance at $27.460, there is the chance for the rally towards upside references at $28.000 and $28.700

In case of the breakout of the support level at $26.600, there is the chance for the downside movement towards $25.500

*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 21, 2023 - Symmetrical triangle pattern in creation