FX.co ★ BTC update for September 07, 2023 - Test of the key support zone

Technical analysis:

BTC/USD has been trading sideways at the price of $25.760 and I see potential for the rejection or the breakout mode.

In case of the rejection of the support zone at $25.200, there is potential for the rally towards $26.210 (top of the balance)

In case of the downside breakout of the support at $25.000, I see potential for the further drop towards $24.800 and $24.000