FX.co ★ BTC update for October 02, 2023 - Broken triangle pattern

Technical analysis:

BTC/USD has been trading upside, I found breakout of the triangle pattern in the background, which is good sign for the further rally.

Due to the breakout of the triangle pattern and the rising lows, I see potential for the further growth towards next upside references.

Upside objectives are set at the price of $30.300 and $31.200

RSI oscillator is showing upside reading and upside trend

Key support is set at the price of $27.300