BTC update for October 05, 2023 - Potential for the further rally

Technical analysis:

BTC/USD has been trading upside as I expected but there is still potetnial for the further rally towards the upside reference.

Due to the breakout of the supply trend-line in the background and lack of selling power, I see potential for the further rally.

Upside objective is set at the price of $28.580

RSI oscillator is showing bullish reading and hidden bullish divergence, which is good sign for the further higher prices.

Support is set at the price of $27.200