FX.co - BTC update for October 25,.2022 - Watch for the breakout of the triangle pattern

2022-10-25T07:45:59

Relevance until2022-10-26

Technical analysis:

BTC update for October 25,.2022 - Watch for the breakout of the triangle pattern

BTC/USD has been trading sideways at the price of $19.300. Triangle pattern is in the creation and I see potential for the breakout.

Trading recommendation:

Due to the triangle pattern in creation I see potential for the breakout mode.

In case of the breakout of the support at $19.660, watch for buying opportunities with the upside objective at $20.450

In case of the downside breakout of the support at $18.900, watch for selling opportunities with the downside objective at $18.180

*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 25,.2022 - Watch for the breakout of the triangle pattern