BTC update for October 09, 2023 – Potential for the furthe rally
October 9, 2023 8:26 am
Technical analysis:
BTC/USD has been trading sideways at the price of $27.900 but I see potential for the further rally towards upside references.
Due to the breakout of the resistance at $27.200 and successful hold above that level, I see potential for the further upside continuation towards upside references.
Upside objective is set at $28.630 and $29.000
RSI oscillator is showing positive trend and reading above 50, which is good sign for the further rally.
Support is set at the price of $27.200
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
BTC/USD has been trading sideways at the price of $27.900 but I see potential for the further rally towards upside references.
Due to the breakout of the resistance at $27.200 and successful hold above that level, I see potential for the further upside continuation towards upside references.
Upside objective is set at $28.630 and $29.000
RSI oscillator is showing positive trend and reading above 50, which is good sign for the further rally.
Support is set at the price of $27.200
The material has been provided by InstaForex Company – www.instaforex.com
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