BTC update for July 14,.2023 – Key resistance cluster on the test
July 14, 2023 12:26 pm
Technical analysis:
BTC/USD has been trading upside in the background but I found rejection of the key resistance cluster at the price of $31.600. BTC is still trading inside of the well defined trading range.
Rejection of the resistance at the price of $31.600 may confirm further downside movement towards support $30.100
Breakout and hold above the resistance pivot at $31.810 can be a good sign for the further rally towards $34.000
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading upside
in the background but
I found rejection of the key resistance cluster at the price of
$31.600. BTC is still trading inside of the well defined trading
range.
Rejection
of the resistance at the price of $31.600 may confirm further
downside movement towards support $30.100
Breakout
and hold above the resistance pivot at $31.810 can be a good sign for
the further rally towards $34.000
The material has been provided by InstaForex Company – www.instaforex.com
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