FX.co - BTC update for October 20,.2022 - Sideways regime, watch for potential breakout

2022-10-20T07:32:49

Relevance until2022-10-21

Technical analysis:

BTC update for October 20,.2022 - Sideways regime, watch for potential breakout

BTC/USD has been trading sideways at the price of $19.135 and there is potential for the breakout mode.

Trading recommendation:

In case of the upside breakout of resistance at $20.440, watch for buying opportunities with the upside objective at $22.800

In case of the downside breakout of the support at $18.150, watch for selling opportunities with the downside objective at $16.000

*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 20,.2022 - Sideways regime, watch for potential breakout