BTC update for August 16,.2023 - Key support at the $29.000 on the test

BTC/USD has been trading downside this morning and the price is testing the key support cluster at $29.100.

Potential breakout of the support cluster at the price of $29.000 can lead downside movement towards lower references at $28.800 and $28.730

Potential rejection of the support cluster $29.000 can lead price upside towards upside reference at $29.640

Short-term condition is balanced

News are provided by InstaForex

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