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FX.co ★ BTC update for May 17,.2023 - Potential for the breakout mode due ot the contraction

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Crypto Analysis:::2023-05-17T07:30:30

BTC update for May 17,.2023 - Potential for the breakout mode due ot the contraction

Technical analysis:

BTC update for May 17,.2023 - Potential for the breakout mode due ot the contraction

BTC/USD has been trading sideways at the price of $27.000 and I see potential for the breakout mode in the next period.

In case of the breakout of the resistance at the price of $27.300, potential upside objectives are set at the price of $27.660 and $28.300

In case of the breakout of support level at $27.000, downside objectives are set at $26.250 and $25.900

Analyst InstaForex
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