FX.co ★ BTC update for November 21, 2023 - Potential for the breakout

Technical analysis:

BTC/USD has been trading sideways at the price of $37.400 and there is the potential for the breakout mode.

In case of the upside breakout of the resistance at $38.000, I see potential for the further rally towards $41.000

In case of the breakout of the support at $36.200, I see chance for the further drop towards lower reference at $34.810

RSI oscillator is showing reading above 60, which is sign that upside condition is in place.