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FX.co ★ BTC update for June 10,.2022 - Watch for the breakout of the consolidation

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Crypto Analysis:::2022-06-10T07:59:04

BTC update for June 10,.2022 - Watch for the breakout of the consolidation

Technical analysis:

BTC update for June 10,.2022 - Watch for the breakout of the consolidation

BTC has been trading sideways at the price of $30.000. I still see potential for the breakout in the next period.

Trading recommendation:

Due to the balanced regime, I see potetnial for the breakout in next period.

In case of the upside breakout of resistance at the price of $31.700, watch for buying opportunities with the upside objective at $33.860

In case of the downside breakout of support at $29.200, watch for selling opportunities with the downside objective at $27.400

Analyst InstaForex
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