FX.co ★ BTC analysis for October 22,.2020 - Third upside target at the price of $12.460 has been reached. Potential for further rally towards $13.835

Further Development

Analyzing the current trading chart of BTCUSD, I found that the buyers are in control and tthat price reached our third upside target from yesterday at $12,460.

I still see strong bullish conduit and potential for test of $13,830.

Watch for buying opportunities on the dips wit hthe target at $13,835

Key Levels:

Resistance: $13,225, $13,833

Support level:$12,200