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29.09.202310:13 Forex Analysis & Reviews: BTC update for September 29, 2023 - Resistance on the test

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Technical analysis:

Exchange Rates 29.09.2023 analysis

BTC/USD has been trading sideways at the price of $27.130 an there is potential for the rejection or the breakout.

In case of the rejection of the key resistance at $27.450, there is the chance for the downside movement towards $26.150

In case of the upside breakout of the resistance at $27.450, there is the chance for the higher prices and test of $28.150

Petar Jacimovic
Analytical expert of InstaForex
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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