FX.co ★ BTC update for September 02,.2022 - Potenial for the breakout of the sideways range

Technical analysis:

BTC/USD has been trading sideways at the price of $20.100 and see potential for the breakout of the sideways range.

Trading recommendation:

Watch for the breakout of the sideways range to confirm further direction.

In case of the upside breakout of resistance at the price of $20.500, watch for buying opportunities on the dips with the upside objective at the price of $21.800.

In case of the downside breakout of the support at the price of $19.600, watch for selling opportunities on the rallies with the downside objective at the price of $18.980.