FX.co ★ BTC update for September 08, 2023 - Upside objective has been reached and resistance zone on the test

Technical analysis:

BTC/USD has been trading upside in the background and the upside target has been reached at $26.400. Anyway, key resistance is on the test and there is potential for the downside rotation.

In case of the rejection of the key resistance at $26.400, there is the chance for the downside movement towards $25.600 (bottom of the trading range)

In case of the upside breakout of the resistance, there is the chance rally towards $27.400