09.08.202309:40 Forex Analysis & Reviews: BTC update for August 09,.2023 - Potential for the further upside continuation

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Technical analysis:

BTC/USD has been trading upside yesterday and I found that market is holding upside trend-line, which is good sign for the further upside continuation.

Due to the strong impulsive move in the background and the narrow pullback towards upside trend-line, I see potential for the further growth.

Upside objective is set at the price of $30.150

Stochastic oscillator is showing oversold condition with no bull cross...

Support level is set at the price of $29.600

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