FX.co ★ BTC analysis for August 27,.2020 - Inside days formation active. Watch for potetnial breakout to confirm further direction

Further Development

Analyzing the current trading chart of BTC, I found that we got inside days formation (sideways-contraction) and it is best to watch for the breakout of support or resistance.

The upside breakout of resistance at $11,793 would lead us for test of $12,437

The breakout of support level at $1,111 would lead us for test of $10,620

Watch carefully for the the breakout of inside days formation to confirm direction...

Key Levels:

Resistance: $11,793

Support levels: $10,620