FX.co - BTC analysis for August 18,.2020 - Broken multi day balance to the upside. Buying opportunities preferable towards the $12.475 and $12.800

2020-08-18T11:27:31

Relevance until2020-08-19

BTC analysis for August 18,.2020 - Broken multi day balance to the upside. Buying opportunities preferable towards the $12.475 and $12.800

Further Development

BTC analysis for August 18,.2020 - Broken multi day balance to the upside. Buying opportunities preferable towards the $12.475 and $12.800

Analyzing the current trading chart of BTC, I found that the buyers kicked in with strong momentum to the upside. Which is indication that BTC exited from the contraction of most recent few days.

Key Levels:

Resistance: $12,475 and $12,800

Support level: $12,000

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Crypto-currencies #Bitcoin #BTCUSD

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2024

FX.co ★ BTC analysis for August 18,.2020 - Broken multi day balance to the upside. Buying opportunities preferable towards the $12.475 and $12.800

Forex Analysis

BTC analysis for August 18,.2020 - Broken multi day balance to the upside. Buying opportunities preferable towards the $12.475 and $12.800