FX.co - BTC analysis for August 04,.2021 - Breakout of the falling wedge

2021-08-04T12:24:57

Relevance until2021-08-06

Technical analysis:

BTC analysis for August 04,.2021 - Breakout of the falling wedge

BTC has been trading upside and there is the breakout of the falling wedge. More upside potential is in play....

Trading recommendation:

Watch for buying opportunities on the pullbacksdue to the breakout of the falling wedge.

Potential for the upside targets at $39,700 and $40,500

*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 04,.2021 - Breakout of the falling wedge