BTC update for October 10, 2023 – Potential for the further rally
October 10, 2023 11:26 am
Technical analysis:
BTC/USD has been trading sideways at the price of $27.670 but I see potential for the further rally towards the upside reference.
Due to the rising lows in the in the background and RSI in the upside regime, I se the chance for the higher price as long as the market is holding above $27.200.
Upside objective is set at the price of $28.600
RSI oscillator is strong bullish range reading, which is good sign for the further higher prices.
Key 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 $27.670 but I see potential for the further rally towards the upside reference.
Due to the rising lows in the in the background and RSI in the upside regime, I se the chance for the higher price as long as the market is holding above $27.200.
Upside objective is set at the price of $28.600
RSI oscillator is strong bullish range reading, which is good sign for the further higher prices.
Key support is set at the price of $27.200
The material has been provided by InstaForex Company – www.instaforex.com
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