BTC update for July 15,.2022 - Sideways regime and potential for the breakout mode

Technical analysis:

BTC/USD has been trading sideways at the price of $21.000 and I see potential for the breakout in the next period.

Trading recommendation:

Due to the sideways regime in last 4 weeks, I see potential for the breakout mode.

In case of the upside breakout of the resistance at $22.350, watch for buying opportunities on the intraday dips with the upside objective at $27.000

In case of the downside breakout of the support at $17.690, watch for selling opportunities with the downside objective at the price of $12.775