FX.co ★ BTC update for November 06, 2023 - Symmetrical triangle in creation

Technical analysis:

BTC/USD has been trading sideways at the price of $35.000 and I found symmetrical triangle pattern in creation and potential for the breakout mode..

In case of the upside breakout of the resistance at $.36.000 and hold above, I see potential for the further rally towards $37.000 and $38.000

In case of the downside breakout of the support level at $34.000 and hold below, I see potential for the further drop towards $33.000 and $32.000

RSI oscillator is showing neutral reading around 50 level, which is another sign of the indecision.