FX.co ★ BTC update for October 24, 2023 - Massive upside movement

Technical analysis:

BTC/USD has been trading strongly upside and the market tested the level of $35.000. Market has reached my objectives at $31.700.

Due to the strong upside momentum and the breakout of the consolidation, I see potential for the further growth after the pullback.

Next main upside objective is set at $37.000

RSI oscillator is showing extended reading above 85, which is a sign that there is potential for the downside correction.

Key support is set at the price of $30.450