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FX.co ★ BTC update for June 27,.2023 - Potential for the breakout mode of the trading range

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Crypto Analysis:::2023-06-27T08:51:54

BTC update for June 27,.2023 - Potential for the breakout mode of the trading range

Technical analysis:

BTC update for June 27,.2023 - Potential for the breakout mode of the trading range

BTC/USD has been trading sideways at the price of $30.175 and I see potential for the breakout mode.

Due to the tight consolidation for already few days, I see potential for the directional breakout mode in order to confirm further direction.

Breakout of the resistance at the price of $30.800, might be good indication for the further rally towards 34.000

Breakout of the support at the price of $30.000, might be good indication for the further drop towards $26.850

Analyst InstaForex
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