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FX.co ★ BTC update for October 24,.2022 - Balanced market and potential for the breakout

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Crypto Analysis:::2022-10-24T07:19:06

BTC update for October 24,.2022 - Balanced market and potential for the breakout

Technical analysis:

BTC update for October 24,.2022 - Balanced market and potential for the breakout

BTC/USD has been trading sideways at the price of $19.300 and I see potential for the breakout mode.

Trading recommendation:

In case of the breakout of resistance at $20.400, watch for potential buying opportunities with the upside objective at $22.480

In case of the downside breakout of the support at $18.200, watch for selling opportunities with the downside objective at $16.000

Analyst InstaForex
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