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FX.co ★ BTC update for February 14,.2023 - Broken trading range to the downside

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Crypto Analysis:::2023-02-14T08:33:47

BTC update for February 14,.2023 - Broken trading range to the downside

Technical analysis:

BTC update for February 14,.2023 - Broken trading range to the downside

BTC/USD has been trading downside in the background as I expected. I see potential for the further drop.

Trading recommendation:

Due to the breakout of the bigger trading range and the bear flag pattern, I see potential for the further drop towards lower reference.

Watch for the potential selling opportunities with the downside objective at $20.300.

Resistance zone is set at the price of $22.000

Analyst InstaForex
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