FX.co - BTC analysis for September 10,.2020 -Breakout of the rising trendline in the background. Watch for breakout of the most recent sideways range to confirm further direction

2020-09-10T13:44:48

Relevance until2020-09-12

BTC analysis for September 10,.2020 -Breakout of the rising trendline in the background. Watch for breakout of the most recent sideways range to confirm further direction

Further Development

BTC analysis for September 10,.2020 -Breakout of the rising trendline in the background. Watch for breakout of the most recent sideways range to confirm further direction

Analyzing the current trading chart of BTC, I found that there is the breakout of the rising trendline on the Daily time-frame and potentia lfor the more downside.

My advice is to watch for selling opportunities on the rallies with the targets at $9,140 and $8,400

Good area of resistance is set at the price of $11,000

BTC is still trading in the defined balanced regime, so watching for the stronger breakout is preferable under current condiiton.

*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 September 10,.2020 -Breakout of the rising trendline in the background. Watch for breakout of the most recent sideways range to confirm further direction

Forex Analysis

BTC analysis for September 10,.2020 -Breakout of the rising trendline in the background. Watch for breakout of the most recent sideways range to confirm further direction