FX.co ★ BTC analysis for August 05,.2020 - Watch for the potential breakout of the ascending triangle to confirm further upside continuation towards the level $12.000

As I discussed in the previous review, the BTC is very close for the upside breakout of the ascending triangle pattern in the background.

There is potential for test of $12,150

Further Development

Analyzing the current trading chart, I found that we got test of the major resistnace at $11,450 and that the upside breakout can confirm further upside movement towards the $12,150

Watch for the breakout of the ascending triangle to confirm further upside continuation

Key Lvels:

Resistance: $11,500

Support level: $11,000