FX.co - BTC update for October 03, 2023

2023-10-03T08:33:55

Relevance until2023-10-04

Technical analysis:

BTC update for October 03, 2023 - Broken triangle pattern

BTC/USD has been trading sideways at the price of $27.600 but there is the breakout of the triangle pattern in the background to the upside.

Due to the breakout of the triangle pattern in the background, I see potential for the further rally towards $30.000

RSI oscillator is showing reading above 60, which his good indication that buyers are in control.

Support level is set at the price of $27.000

*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 October 03, 2023 - Broken triangle pattern