Technical Analysis Of The Bitcoin Cryptocurrency Movement
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Technical analysis:
BTC/USD has been trading sideways at the price of $21.000 but I see potential for the breakout play.
Trading recommendation:
In case of the upside breakout and hold above the level of $21.200, I see potential for the rally towards $22.000
In case of the downside breakout of the support zone at $20.600, watch for selling opportunities with the downside objective at $19.800
Relevance up to 08:00 2023-01-18 UTC+1 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.
Read more: https://www.instaforex.eu/forex_analysis/308859
