FX.co - BTC analysis for July 07,.2021 - Symmetrical triangle in creation. Watch for the breakout....

2021-07-07T11:57:48

Relevance until2021-07-09

Technical analysis:

BTC analysis for July 07,.2021 - Symmetrical triangle in creation. Watch for the breakout....

BTC has been trading sideways at the price of $34.840. There is contraction and potential for the breakout.

Trading recommendation:

Due to the symmetrical triangle pattern in creation, watch for the breakout to confirm further direction..

Downside breakout of the support at $33.000 can lead BTC towards $28.800

Upside breakout of resistance at $36.000 can lead BTC towards $40.000

*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 July 07,.2021 - Symmetrical triangle in creation. Watch for the breakout....