FX.co ★ BTC update for November 29, 2023 - Key resistance on the test

Technical analysis:

BTC/USD has been trading upside and I found that key resistance at the price of $38.500 is on the test.

In case of the upside breakout of the resistance at $38.500 and hold above, I see potential for the further growth towards $41.700

In case of the fake breakout of the resistance, there is the chance for the rotation towards $37.000

RSI oscillator is showing consolidation with no major breakout