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FX.co ★ BTC update for October 20,.2022 - Sideways regime, watch for potential breakout

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Crypto Analysis:::2022-10-20T07:32:49

BTC update for October 20,.2022 - Sideways regime, watch for potential breakout

Technical analysis:

BTC update for October 20,.2022 - Sideways regime, watch for potential breakout

BTC/USD has been trading sideways at the price of $19.135 and there is potential for the breakout mode.

Trading recommendation:

In case of the upside breakout of resistance at $20.440, watch for buying opportunities with the upside objective at $22.800

In case of the downside breakout of the support at $18.150, watch for selling opportunities with the downside objective at $16.000

Analyst InstaForex
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