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FX.co ★ BTC update for October 04, 2023 - Broken triangle pattern

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Crypto Analysis:::2023-10-04T08:26:50

BTC update for October 04, 2023 - Broken triangle pattern

Technical analysis:

BTC update for October 04, 2023 - Broken triangle pattern

BTC/USD has been trading-downside in the background and I found potetnial for the rejection of the support and further rally.

Due to the breakout of the triangle pattern in the background and potential completion of the pullbacks, I see chance for the further rally towards next upside reference.

Upside objective is set at the price of $28.580

RSI oscillator is showing positive reversals, which is good sign for the further rally...

Support level is set at the price of $27.200

Analyst InstaForex
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