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FX.co ★ BTC update for August 25,.2023 - Potential for the rally towards upside references

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Crypto Analysis:::2023-08-25T08:42:18

BTC update for August 25,.2023 - Potential for the rally towards upside references

Technical analysis:

BTC update for August 25,.2023 - Potential for the rally towards upside references

BTC/USD has been trading downside in the background but I found rejection fo the support this morning, which is strong sign for the further rally.

Due to the test-reject of the support and the oversold condition, I see potential for the further rally towards upside reference.

Upside objectives are set at $26.300 and $26.500

Key support zone is set at the price of $25.900-$25.800

Analyst InstaForex
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