Dollar in Focus as Dual NFP Report and Global FX Shifts Shape Market Outlook
UK Wage Growth Slows Sharply, Paving the Way for Rate Cuts
Eurozone PMI Signals Resilient Growth Despite Manufacturing Slowdown
Fed Faces Liquidity Pressures as Balance Sheet Freeze Meets Market Ti
France’s Social Security Budget Passes by Narrow Margin, Raising Fiscal Risks for 2026
BTC has been trading downside this morning and I found the breakout of the tight triangle in the background, which is good sign for further downside movement.
Due to the breakout of the triangle pattern I see potential for further drop towards downside references.
Watch for the potential selling opportunities with the downside objectives at $19.000 and $18.400.
Stochastic oscillator is showing fresh bear cross, which is strong sign that sellers are in control.
Key resistance is set at the price of $19.440
Relevance up to 06:00 2022-10-20 UTC+00 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
