FX.co ★ BTC update for November 13, 2023 - Consolidation in the play

Technical analysis:

BTC/USD has been trading sideways at the price of $37.000 and I see potential for the rejection of the support or the breakout.

In case of the rejection of the support at $37.000, there is the chance for the rotation upside towards $37.500 or even $38.000

In case of the downside breakout of the support at $37.000 and hold below, there is the chance for the downside movement towards $35.600

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