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FX.co ★ BTC update for May 03,.2023 - Triangle pattern in creation

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Forex Analysis:::2023-05-03T06:10:35

BTC update for May 03,.2023 - Triangle pattern in creation

Technical analysis:

BTC update for May 03,.2023 - Triangle pattern in creation

BTC/USD has been trading sideways at the price of $28.475 in the defined triangle range. There is potential for the breakout mode.

In case of the upside breakout of resistance at $29.900, upside movement towards $31.000 and $34.000 can be in the play.

In case of the breakout of support $27.000, downside movement towards $21.400 can be in the play.

Pay attention on the potential breakout....

Analyst InstaForex
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