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FX.co ★ BTC analysis for August 24,.2020 - Inside days pattern and potential for the breakout

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Crypto Analysis:::2020-08-24T11:43:26

BTC analysis for August 24,.2020 - Inside days pattern and potential for the breakout

BTC analysis for August 24,.2020 - Inside days pattern and potential for the breakout

As I discussed in the previous review, the BTC got inside days pattern, which is sign of the contraction.

Further Development

Analyzing the current trading chart of BTC, I found that there is equilibrium on the market potential for the breakout in next period.

Key Levels:

Resistance: $11,900

Support level: $11,600

Analyst InstaForex
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