FX.co ★ BTC update for September 26,.2022 - Breakout of the symmetrical triangle pattern

Technical analysis:

BTC/USD has been trading downside as I expected and the price and the price is heading towards downside objectives from last week. I still see potential for the further drop.

Trading recommendation:

Due to the strong downside pressure in the background and breakout of the triangle pattern, I see potential for further drop..

Watch for the potential selling opportunities on the intraday rallies with the downside objectives at the price of $18.000 and $17.700.

MACD oscillator is showing downside reading, which is good sign for further downside movement.

Key resistance is set at the p[rice of $19.800