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FX.co ★ BTC update for August 02,.2023 - Potential for the breakout mode

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Crypto Analysis:::2023-08-02T16:57:18

BTC update for August 02,.2023 - Potential for the breakout mode

Technical analysis:

BTC update for August 02,.2023 - Potential for the breakout mode

BTC/USD has been trading downside today and I see that market formed defined trading range. There is potential for the breakout mode.

In case of of the breakout of the support at $28.500 and hold below, I see potential for the further drop towards $27.125

In case of the upside breakout of the resistance at $30.300 and hold above, I see potential for the growth towards $31.350

Analyst InstaForex
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