FX.co ★ BTC update for October 27, 2023 - Symmetrical triangle in creation

Technical analysis:

BTC/USD has been trading sideways at the price of $34.000 and I found that symmetrical triangle pattern is in creation and that there is potential for the breakout mode.

In case of the breakout of support at $33.200, there is the chance for the further drop towards downside objective at $32.200 and $30.700

In case of the upside breakout of the resistance $35.200, there is the chance for the upside movement towards $37.00