FX.co - BTC update for October 06, 2023

2023-10-06T08:09:53

Relevance until2023-10-07

Technical analysis:

BTC update for October 06, 2023 - SIdeways range

BTC/USD has been trading sideways at the price of $27.650 and there is the chance for the upside continuation or the further drop.

In case of the re-break to the upside above $27.800, there is the chance for the rally towards $28.580

In case of the downside breakout of the support at $27.250, there is the chance for the downside movement towards $26.750

*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 06, 2023 - SIdeways range