FX.co ★ BTC update for September 06,.2022 - Potential for the breakout of the trading range

Technical analysis:

BTC/USD has been trading sideways in the trading range at the price of $20.000 but I see potential for the breakout mode.

Trading recommendation:

In case of the downside breakout of the support at the price of $19.500, watch for selling opportunities with the downside objective at the price of $18.000

In case of the upside breakout of the resistance at the price of $20.500, watch for buying opportunities with the upside objective at the price of $21.700