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FX.co ★ BTC update for October 27, 2023 - Symmetrical triangle in creation

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Crypto Analysis:::2023-10-27T09:09:07

BTC update for October 27, 2023 - Symmetrical triangle in creation

Technical analysis:

BTC update for October 27, 2023 - Symmetrical triangle in creation

BTC/USD has been trading sideways at the price of $34.000 and I found that symmetrical triangle pattern is in creation and that there is potential for the breakout mode.

In case of the breakout of support at $33.200, there is the chance for the further drop towards downside objective at $32.200 and $30.700

In case of the upside breakout of the resistance $35.200, there is the chance for the upside movement towards $37.00

Analyst InstaForex
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