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BTC update for May 17,.2023 – Potential for the breakout mode due ot the contraction
May 17, 2023 8:28 amVideo
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Technical
analysis:
BTC/USD
has been trading sideways at the price of $27.000 and I see potential
for the breakout mode in the next period.
In
case of the breakout of the resistance at the price of $27.300,
potential upside objectives are set at the price of $27.660 and
$28.300
In
case of the breakout of support level at $27.000, downside objectives
are set at $26.250 and $25.900
The material has been provided by InstaForex Company – www.instaforex.com
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