FX.co - BTC analysis for August 20,.2021 - Ascending triangle pattern in creation

2021-08-20T12:32:12

Relevance until2021-08-21

Technical analysis:

BTC analysis for August 20,.2021 - Ascending triangle pattern in creation

BTC has been trading sideways at the price of $47,100 but I see potential for the upside breakout and test of $48,000.

Trading recommendation:

Due to outside bullish day yesterday and ascending triangle in creation, I expect further upside movement.

Watch for buying opportunities with the upside target at $48,300

*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 20,.2021 - Ascending triangle pattern in creation