BTC update for October 26, 2023 – Potential upside continuation
October 26, 2023 8:23 am
Technical analysis:
BTC/USD has been trading sideways at the price of $34.600 but I found the ascending triangle is in creation and that there is the chance for the upside continuation.
Due to the strong upside condition in the background and ascending triangle pattern in creation, there is the chance for the higher prices towards upside reference in case of the breakout of the resistance at $35.200
Upside objective is set at $38.000
Key support is set at the price of $32.200
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
BTC/USD has been trading sideways at the price of $34.600 but I found the ascending triangle is in creation and that there is the chance for the upside continuation.
Due to the strong upside condition in the background and ascending triangle pattern in creation, there is the chance for the higher prices towards upside reference in case of the breakout of the resistance at $35.200
Upside objective is set at $38.000
Key support is set at the price of $32.200
The material has been provided by InstaForex Company – www.instaforex.com
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