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FX.co ★ BTC update for August 23,.2023 - Potential for the breakout

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Crypto Analysis:::2023-08-23T08:54:13

BTC update for August 23,.2023 - Potential for the breakout

Technical analysis:

BTC update for August 23,.2023 - Potential for the breakout

BTC/USD has been trading sideways at the price of $26.000 and I see potential for the breakout mode.

In case of the upside breakout of the resistance at the price of $26.300, I see potential for the further rally towards $26.880

In case of the downside breakout of the support at $26.500, I see potential for the further drop towards $24.740

Analyst InstaForex
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