BTC update for July 20,.2023 – Rejection of the key support cluster
July 20, 2023 11:23 am
Technical analysis:
BTC/USD has been trading upside this morning and I found rejection of the key support at the price of $29.600.I see potential for the upside rotation towards resistance zone.
Due to the rejection fo the key support cluster and the breakout of the supply trend-line, I see potential for teh upside rotation towards resistance levels.
Upside objectives are set at the price of $30.935 and $31.500
MACD oscillator is showing fresh upside momentum, which is good indication for the further rally.
Key support cluster 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
this morning and I found rejection of the key support at the price of
$29.600.I see potential for the upside rotation towards resistance
zone.
Due
to the rejection fo the key support cluster and the breakout of the
supply trend-line, I see potential for teh upside rotation towards
resistance levels.
Upside
objectives are set at the price of $30.935 and $31.500
MACD
oscillator is showing fresh upside momentum, which is good indication
for the further rally.
Key
support cluster is set at the price of $29.600
The material has been provided by InstaForex Company – www.instaforex.com
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