FX.co - BTC update for September 07, 2023 - Test of the key support zone

2023-09-07T07:50:58

Relevance until2023-09-08

Technical analysis:

BTC update for September 07, 2023 - Test of the key support zone

BTC/USD has been trading sideways at the price of $25.760 and I see potential for the rejection or the breakout mode.

In case of the rejection of the support zone at $25.200, there is potential for the rally towards $26.210 (top of the balance)

In case of the downside breakout of the support at $25.000, I see potential for the further drop towards $24.800 and $24.000

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC update for September 07, 2023 - Test of the key support zone