BTC update for October 04, 2023 - Broken triangle pattern

Technical analysis:

BTC/USD has been trading-downside in the background and I found potetnial for the rejection of the support and further rally.

Due to the breakout of the triangle pattern in the background and potential completion of the pullbacks, I see chance for the further rally towards next upside reference.

Upside objective is set at the price of $28.580

RSI oscillator is showing positive reversals, which is good sign for the further rally...

Support level is set at the price of $27.200