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FX.co ★ BTC update for October 26,.2022 - Breakout of the triangle pattern in the background

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Crypto Analysis:::2022-10-26T06:58:28

BTC update for October 26,.2022 - Breakout of the triangle pattern in the background

Technical analysis:

BTC update for October 26,.2022 - Breakout of the triangle pattern in the background

BTC/USD has been trading upside ans the price is near the main upside objective at $20.455. There is potential for test of the first upside target.

Trading recommendation:

Due to the breakout of the triangle pattern in the background, there is potential for further rally.

Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of $20.450 and $22.450.

MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.

Support is set at the price of $19.900

Analyst InstaForex
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