FX.co - BTC update for October 17,.2022 - Watch for potential breakout of the trading range

2022-10-17T07:24:19

Relevance until2022-10-18

Technical analysis:

BTC update for October 17,.2022 - Watch for potential breakout of the trading range

BTC/USD has been trading sideways at the price of $19.300. Watch for the price action around key pivot points to confirm further direction.

Trading recommendation:

In case of the of the breakout of resistance at $19.500, watch for buying opportunities with the upside objective at $20.400

In case of the breakout of the support at $19.000, watch for selling opportunities with the downside objective at $18.300

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC update for October 17,.2022 - Watch for potential breakout of the trading range