FX.co - BTC analysis for October 29,.2020 - BTC reached downside target at $13.200 and i heading towards next at $12.720

2020-10-29T11:30:21

Relevance until2020-10-30

BTC analysis for October 29,.2020 - BTC reached downside target at $13.200 and i heading towards next at $12.720

Further Development

BTC analysis for October 29,.2020 - BTC reached downside target at $13.200 and i heading towards next at $12.720

Analyzing the current trading chart of BTC, I found that BTC tested the my downward target at $13,200 but that there is still space for more downside towards $12,720.

My expectation is the BTCcan trade lower and the selling opportunities on the rallies is preferable strategy for this condition.

Watch for selling opportunities...

Downward target is set at the price of $12,790

Key Levels:

Resistance: $13,300 and $13,190

Support level: $12,190

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

#Crypto-currencies #Bitcoin #Bitcoin Cash #BTCUSD #BCHUSD

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2024

FX.co ★ BTC analysis for October 29,.2020 - BTC reached downside target at $13.200 and i heading towards next at $12.720

Forex Analysis

BTC analysis for October 29,.2020 - BTC reached downside target at $13.200 and i heading towards next at $12.720

Resistance: $13,300 and $13,190