FX.co - BTC update for June 23,.2022 - Watch for the brekaout of the consolidation

2022-06-23T08:30:33

Relevance until2022-06-24

Technical analysis

BTC update for June 23,.2022 - Watch for the brekaout of the consolidation

BTC/USD has been trading sideways at the price of $20.600. I see potential condition for the breakout in order to confirm further direction.

Trading Recommendation:

Due to the sideways regime, I would watch for the potetnial breakout to confirm further direction.

If the BTC breaks the resistance at $20.900, watch for buying opportunities on the intraday dips wit the upside objectives at $21.590 and $22.850

If the BTC breaks the support at $19.790, watch for selling opportunities with the downside objective at $17.800.

*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 June 23,.2022 - Watch for the brekaout of the consolidation