FX.co ★ BTC update for October 03,.2022 - Triangle pattern in creation

Technical analysis:

BTC/USD has been trading sideways at the price of $19.200. I see triangle pattern in creation and potential for the breakout mode.

Trading recommendation:

Due to the sideways condition and triangle pattern in creation, I see potential for the breakout mode.

In case of the breakout of the resistance at the price of $20.170, watch for buying opportunities with the upside objective at the price of $22.400

In case of the downside breakout of the support at the price of $18.850, watch for selling opportunities with the downside objective at the price of $18.000