FX.co ★ BTC update for October 23, 2023 - Breakout of the resistance zone

Technical analysis:

BTC/USD has been trading upside in the background and I found breakout of the important resistance at the price of $30.000, which is good sign for the further upside continuation.

Due to the breakout of the resistance and the positive reversal on the RSI oscillator, I see potential for the further upside continuation towards upside references.

Upside objectives are set at the price of $31.280 and $31.715

RSI oscillator is showing positive reversals in the background, which is another good confirmation for the rally.

Support is set a the price of $29.600