FX.co - BTC update for October 24,.2022 - Balanced market and potential for the breakout

2022-10-24T07:19:06

Relevance until2022-10-25

Technical analysis:

BTC update for October 24,.2022 - Balanced market and potential for the breakout

BTC/USD has been trading sideways at the price of $19.300 and I see potential for the breakout mode.

Trading recommendation:

In case of the breakout of resistance at $20.400, watch for potential buying opportunities with the upside objective at $22.480

In case of the downside breakout of the support at $18.200, 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 24,.2022 - Balanced market and potential for the breakout