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FX.co ★ BTC update for March 15,.2022 - Potential for the breakout mode

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Crypto Analysis:::2022-03-15T12:44:19

BTC update for March 15,.2022 - Potential for the breakout mode

Technical analysis:

BTC update for March 15,.2022 - Potential for the breakout mode

BTC/USD has been trading sideways at the price of $38.800 and the best strategy under current condition is to watch for breakouts.

Trading recommendation:

The breakout of important daily pivot resistance at $40.350 can lead BTC towards the upside objectives at $42.300 and $45.125

The breakout of daily pivot support at $37.500 can lead BTC towards the downside objectives $35.150

Watch for the breakout to confirm further direction

Bigger picture: Triangle in creation

Analyst InstaForex
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