FX.co ★ BTC analysis for August 06,.2020 - Upside breakout of the ascending triangle and potential for test of $12.150

As I discussed in the previous review, the BTC managed to trade higher and break the ascending triangle pivot at $11,450, which is strong sign for further upside continuation.

Further Development

Analyzing the current trading chart, I found that buyers are still in control and there is potential for test of $12,140.

Key Levels:

Resistance: $12,150

Support levels: $11,450