FX.co - BTC analysis for October 19,.2020 - Potential for upside continuation. Watch for the breakout of the sideways base to confirm the continuation...

2020-10-19T11:50:28

Relevance until2020-10-22

Further Development\

BTC analysis for October 19,.2020 - Potential for upside continuation. Watch for the breakout of the sideways base to confirm the continuation...

Analyzing the current trading chart of BTC, I found that there is still consolidation at the price of $11,500 but that short-term uptrend is active.

Bollinger bands are rising and expanding, which is good sign for further rise...

Key Levels:

Resistance: $11,610, $12,000

Support level: $11,200

*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 October 19,.2020 - Potential for upside continuation. Watch for the breakout of the sideways base to confirm the continuation...