Relevance up to 10:00 2022-08-18 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.
Technical analysis:
BTC/USD has been trading sideways at the price of $23.800. I see potential for further movement and potential for the breakout of the rising trend-line. Trading recommendation: Due to the potential breakout of the rising wedge pattern, I see further downside movement. Watch for potential selling opportunities on the intraday rallies with the downside objective at $22.600 and $21.000. MACD oscillator is showing downside momentum, which is good sign for further downside movement. Key resistance is set at the price of $25.000
