FX.co ★ BTC update for July 19,.2022 - Watch for the breakout of the symmetrical tirangle

Technical analysis:

BTCUSD has been trading sideways at the price of $22.200, I see potential for the breakout of the symmetrical triangle pattern.

Trading recommendation:

Due to the confluence and the symmetrical triangle in the background, I see potential for the breakout play.

Watch for the potential breakout to confirm further direction.

Upside breakout can lead BTC towards $24.300, in case of the upside breakout watch for buying opportunities on the intraday dips.

Downside breakout of the symmetrical triangle can lead the price towards $20.770. In case of the downside breakout, watch for selling opportunities on the intraday rallies..