FX.co ★ BTC update for October 10, 2023 - Potential for the further rally

Technical analysis:

BTC/USD has been trading sideways at the price of $27.670 but I see potential for the further rally towards the upside reference.

Due to the rising lows in the in the background and RSI in the upside regime, I se the chance for the higher price as long as the market is holding above $27.200.

Upside objective is set at the price of $28.600

RSI oscillator is strong bullish range reading, which is good sign for the further higher prices.

Key support is set at the price of $27.200