BTC update for May 08,.2023 – Channeling mode intraday
May 8, 2023 8:24 am
Technical analysis:
BTC/USD has been trading sideways for few weeks and there is still no breakout but we might see the breakout in the next period.
In case of the breakout of the resistance at the price of $30.000, there is potential for the growth towards $32.000 and $34.000
In case of the downside breakout of the support, there is the chance for the lower prices and the downside objectives at the price of $24.000 and $20.000
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading sideways
for few weeks and there is still no breakout but we might see the
breakout in the next period.
In
case of the breakout of the resistance at the price of $30.000, there
is potential for the growth towards $32.000 and $34.000
In
case of the downside breakout of the support, there is the chance for
the lower prices and the downside objectives at the price of $24.000
and $20.000
The material has been provided by InstaForex Company – www.instaforex.com
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