FX.co ★ BTC analysis for November 10,.2020 - Watch for potential breakout of the balance to confirm further direction

Further Development

Analyzing the current trading chart of BTC, I found that there is consolidation going on at the price of $15,400, which is sign of the balancing market.

I would watch for the breakout of the trading range to confirm further direction.

The breakout of resistance at $15,870 might lead BTC for test of $16,600

The downside breakout of support at $14,800 might lead us for test of $13,92