FX.co - BTC analysis for August 28.2020 - Inside days formation active. Watch for potetnial breakout to confirm further direction

2020-08-28T12:25:12

Relevance until2020-08-30

Further Development

BTC analysis for August 28.2020 - Inside days formation active. Watch for potetnial breakout to confirm further direction

Analyzing the current trading chart of BTC, I found that the BTC is still in the trading range between the price of $11,793 and $11,111.

To confirm further upside I would like to see breakout of $11,793, which would lead the BTC for test of $12,437

To confirm downside I would like to see downside breakout of support at $11,111, which can lead BTC for test of $10,620.

Watch for the breakout.

Key Levels:

Resistance: $11,793

Support levels: $11,111.

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

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for August 28.2020 - Inside days formation active. Watch for potetnial breakout to confirm further direction