FX.co - BTC analysis for February 09,.2022 - Symmetrical triangle and balanced regime

2022-02-09T14:02:55

Relevance until2022-02-10

Technical analysis:

BTC analysis for February 09,.2022 - Symmetrical triangle and balanced regime

BTC has been trading sideways at the price of $44,000 and I see potential for the breakout play.

Trading recommendation:

Due to sideways market and indecision, I see potential for the breakout play.

If you see the breakout of the resistance at the price of $44,530, watch for upside opportunities with the upside objectives at $45,537 and $48,500

If you see downside breakout of support at $42,800, watch for selling opportunities with the potential downside objectives at $42,000 and $41,190

*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 February 09,.2022 - Symmetrical triangle and balanced regime