FX.co ★ BTC update for October 26, 2023 - Potential upside continuation

Technical analysis:

BTC/USD has been trading sideways at the price of $34.600 but I found the ascending triangle is in creation and that there is the chance for the upside continuation.

Due to the strong upside condition in the background and ascending triangle pattern in creation, there is the chance for the higher prices towards upside reference in case of the breakout of the resistance at $35.200

Upside objective is set at $38.000

Key support is set at the price of $32.200