FX.co - BTC update for March 15,.2022 - Potential for the breakout mode

2022-03-15T12:44:19

Relevance until2022-03-16

Technical analysis:

BTC update for March 15,.2022 - Potential for the breakout mode

BTC/USD has been trading sideways at the price of $38.800 and the best strategy under current condition is to watch for breakouts.

Trading recommendation:

The breakout of important daily pivot resistance at $40.350 can lead BTC towards the upside objectives at $42.300 and $45.125

The breakout of daily pivot support at $37.500 can lead BTC towards the downside objectives $35.150

Watch for the breakout to confirm further direction

Bigger picture: Triangle in creation

*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 update for March 15,.2022 - Potential for the breakout mode