FX.co - BTC update for July 13,.2022 - Breakout of the downside channel

2022-07-13T11:18:58

Relevance until2022-07-14

Technical analysis:

BTC update for July 13,.2022 - Breakout of the downside channel

BTC/USD has been trading upside today and there is the trend for the day. I see potential for the further rally.

Trading recommendation:

Watch for potential buying opportunities on the intraday dips due to the breakout of the downside channel.

Upside objectives are set at the price of $20.600, $21.190 and $21.900.

MACD is showing decreasing in the downside momentum and potential for the rally.

Key support is set at the price of $19.240

*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 July 13,.2022 - Breakout of the downside channel