FX.co - BTC update for July 14,.2022 - Watch for breakout to confirm further direction

14 July 2022 at 11:24AM (UTC+0)

Relevance until15 July 2022 at 11:24AM (UTC+0)

Technical analysis:

BTC update for July 14,.2022 - Watch for breakout to confirm further direction

BTC has been trading sideways in last few weeks and I see potential for the breakout mode.

Trading recommendation:

Watch for the breakout of the consolidation to confirm further direction.

If the price breaks the resistance level at $22.360, watch for buying opportunities on the dips with the upside objective at $27.000

If the price breaks the support level at $17.700, watch for selling opportunities on the rallies with the downside objective at $12.776.

*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 14,.2022 - Watch for breakout to confirm further direction