BTC update for August 09,.2023 – Potential for the further upside continuation
August 9, 2023 8:24 am
Technical analysis:
BTC/USD has been trading upside yesterday and I found that market is holding upside trend-line, which is good sign for the further upside continuation.
Due to the strong impulsive move in the background and the narrow pullback towards upside trend-line, I see potential for the further growth.
Upside objective is set at the price of $30.150
Stochastic oscillator is showing oversold condition with no bull cross…
Support level is set at the price of $29.600
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading upside yesterday and I found that market is holding
upside trend-line, which is good sign for the further upside
continuation.
Due
to the strong impulsive move in the background and the narrow
pullback towards upside trend-line, I see potential for the further
growth.
Upside objective is set at the price of $30.150
Stochastic oscillator is showing oversold condition with no bull cross…
Support
level is set at the price of $29.600
The material has been provided by InstaForex Company – www.instaforex.com
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