FX.co - BTC update for November 23, 2023 - Rejection or the breakout mode

2023-11-23T06:14:39

Relevance until2023-11-24

Technical analysis:

BTC update for November 23, 2023 - Rejection or the breakout mode

BTC/USD has been trading sideways at the price of $37.300 and I see potential for the breakout mode or the rejection of the resistance.

In case of the rejection of the resistance at $38.000, there is the chance for the lower prices towards $34.750

In case of the breakout of the resistance at the price of $38.000, there is the chance for the growth towards $41.000

RSI oscillator is showing reading above the 50 level and below 60, which is sign of the indecision.a

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC update for November 23, 2023 - Rejection or the breakout mode