BTC: Is There Any Possibility For Breakout Mode!? Bitcoin Price (BTC/USD) - Technical Analysis

Bitcoin Price Technical analysis:
Bitcoin Price Analysis

Relevance up to 10:00 2022-08-13 UTC+2 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.

Bitcoin Price Technical analysis:

Bitcoin Price Analysis

BTC has been trading sideways at the price of $24.000 but there is potential for the breakout mode.

Trading recommendation: Due to the sideways regime on the BTC, I see potential for the breakout mode. Watch for potential breakout of the key support at the price of $22.700 to confirm further drop. Downside objective is set at the price of $20.875. Stochastic is showing downside reading , which is another sign of the weakness on the BTC Key resistance is set at the price of $24.900

Advertising

InstaForex

InstaForex es una marca internacional creada en 2007. La compañía brinda servicios para las operaciones de divisas en línea y es reconocida como uno de los brókers líderes en el mundo. Nos hemos ganado la confianza de más de 7,000,000 traders minoristas, quienes ya han apreciado nuestra confiabilidad y enfoque en la innovación.