BTC update for September 08, 2023 – Upside objective has been reached and resistance zone on the test
September 8, 2023 7:25 am
Technical analysis:
BTC/USD has been trading upside in the background and the upside target has been reached at $26.400. Anyway, key resistance is on the test and there is potential for the downside rotation.
In case of the rejection of the key resistance at $26.400, there is the chance for the downside movement towards $25.600 (bottom of the trading range)
In case of the upside breakout of the resistance, there is the chance rally towards $27.400
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
BTC/USD has been trading upside in the background and the upside target has been reached at $26.400. Anyway, key resistance is on the test and there is potential for the downside rotation.
In case of the rejection of the key resistance at $26.400, there is the chance for the downside movement towards $25.600 (bottom of the trading range)
In case of the upside breakout of the resistance, there is the chance rally towards $27.400
The material has been provided by InstaForex Company – www.instaforex.com
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