FX.co ★ BTC update for November 24, 2023 - Breakout mode to the upside

Technical analysis:

BTC/USD has been trading upside and I found breakout of the consolidation, which is good sign for the potetnial further growth.

Due to the breakout of the resistance level at $38.000 and the multi-day consolidation, I see potential for the further growth towards next upside reference.

Upside objective is set at the price of $41.165

Alternative scenario: In case of the fake breakout, I would like to see downside breakout of $36.800 for the potential move lower towards $34.900