BTC update for August 17,.2023 – Breakout of the trading range
August 17, 2023 9:21 am
Technical analysis:
BTC/USD has been trading downside this morning and I found breakout of the trading range and support at $28.750, which is good sign for the further downside movement.
Due to the breakout of the trading range to the downside and strong bearish momentum, I see potential for the further drop towards lower reference.
Downside objective is set at the price of $27.500
Resistance level is set at the price of $28.760
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading downside
this morning and I found breakout of the trading range and support at
$28.750, which is good sign for the further downside movement.
Due
to the breakout of the trading range to the downside and strong
bearish momentum, I see potential for the further drop towards lower
reference.
Downside
objective is set at the price of $27.500
Resistance
level is set at the price of $28.760
The material has been provided by InstaForex Company – www.instaforex.com
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