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FX.co ★ BTC update for April 27,.2023 - Potential for the breakout of the triangle pattern

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Crypto Analysis:::2023-04-27T08:44:05

BTC update for April 27,.2023 - Potential for the breakout of the triangle pattern

Technical analysis:

BTC update for April 27,.2023 - Potential for the breakout of the triangle pattern

BTC/USD has been trading sideways at the price of $29.000 and there is potential for breakout of the tight symmetrical triangle pattern.

In case of the breakout of the support at the price of $28.680, I see potential for the market to go towards $27.700

In case of the upside breakout of the resistance at the price of $29.270, I see potential for the further growth towards $30.00

Analyst InstaForex
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