FX.co ★ BTC update for August 11,.2023 - Key support zone on the test

Technical analysis:

BTC/USD has been trading in the sideways range at the price of $29.360. Key support at the price of $29.300 is on th test.

In case of the breakout of the support zone at $29.285, I see potential for the further drop towards $29.130

In case of the rejection of the support zone at $29.285, I see potetnial for the further rally towards upside extreme at $29.630