Cabana Capitals Blog Technical Analysis BTCUSD – support line broken at 2024-05-23T14:00:00.000Z

BTCUSD – support line broken at 2024-05-23T14:00:00.000Z

BTCUSD – support line broken at 2024-05-23T14:00:00.000Z post thumbnail image

BTCUSD has broken through a support line. It has touched this line at least twice in the last 13 days. This breakout may indicate a potential move to 66123.9469 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.

Supported by Downward sloping Moving Average

Target: 66123.9469 Entry: 69394.122 Stop: 71964.79

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