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FX.co ★ BTC update for October 25,.2022 - Watch for the breakout of the triangle pattern

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Crypto Analysis:::2022-10-25T07:45:59

BTC update for October 25,.2022 - Watch for the breakout of the triangle pattern

Technical analysis:

BTC update for October 25,.2022 - Watch for the breakout of the triangle pattern

BTC/USD has been trading sideways at the price of $19.300. Triangle pattern is in the creation and I see potential for the breakout.

Trading recommendation:

Due to the triangle pattern in creation I see potential for the breakout mode.

In case of the breakout of the support at $19.660, watch for buying opportunities with the upside objective at $20.450

In case of the downside breakout of the support at $18.900, watch for selling opportunities with the downside objective at $18.180

Analyst InstaForex
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