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FX.co ★ BTC update for June 14,.2023 - Potential for rejection or the breakout mode

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Crypto Analysis:::2023-06-14T07:54:07

BTC update for June 14,.2023 - Potential for rejection or the breakout mode

Technical analysis:

BTC update for June 14,.2023 - Potential for rejection or the breakout mode

BTC/USD has been trading sideways at the price of $25.900 and there is potential for rejection or the breakout of the support.

Due to the sideways market and support at the price of $1.940 on test, pay attention on the price action around this key support.

In case of the downside breakout of the support, I see potential for the downside movement towards $25.000

In case of the rejection of the support zone, I see potential for the rally towards $26.300

Analyst InstaForex
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