FX.co - BTC update for September 22, 2023 - Potential for the further rally

2023-09-22T08:09:27

Relevance until2023-09-23

Technical analysis:

BTC update for September 22, 2023 - Potential for the further rally

BTC/USD has been trading sideways this morning but I see potential for the further upside movement.

Due ot the strong upside momentum in the background and positive divergences, I see potential for the further growth towards upside reference.

Upside objective is set at the price of $27.400

RSI oscillator is Bullish trend condition and positive divergences, which is another good sign for the further upside movement.

Support is set at the price of $26.350

*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 22, 2023 - Potential for the further rally