BTC update for July 18,.2023 - Key support cluster on the test

Technical analysis:

BTC/USD has been trading downside and the key support cluster at the price of $30.000 is on the test. I see 2 scenarios that can be in the play.

In case of the rejection of the support zone at $29.600, I see potential for the rally towards upper extreme of the trading range at $31.400

In case of the downside breakout of the support zone at $29.600, I see potential for the further drop towards $28.000

News are provided by InstaForex

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