BTC update for October 23, 2023 – Breakout of the resistance zone
October 23, 2023 10:24 am
Technical analysis:
BTC/USD has been trading upside in the background and I found breakout of the important resistance at the price of $30.000, which is good sign for the further upside continuation.
Due to the breakout of the resistance and the positive reversal on the RSI oscillator, I see potential for the further upside continuation towards upside references.
Upside objectives are set at the price of $31.280 and $31.715
RSI oscillator is showing positive reversals in the background, which is another good confirmation for the rally.
Support is set a the price of $29.600
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
BTC/USD has been trading upside in the background and I found breakout of the important resistance at the price of $30.000, which is good sign for the further upside continuation.
Due to the breakout of the resistance and the positive reversal on the RSI oscillator, I see potential for the further upside continuation towards upside references.
Upside objectives are set at the price of $31.280 and $31.715
RSI oscillator is showing positive reversals in the background, which is another good confirmation for the rally.
Support is set a the price of $29.600
The material has been provided by InstaForex Company – www.instaforex.com
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