FX.co - BTC update for November 17,.2022 - Potentila for the breakout of the range

2022-11-17T07:33:57

Relevance until2022-11-18

Technical analysis:

BTC update for November 17,.2022 - Potentila for the breakout of the range

BTC/USD has been trading sideways at the price of $16.600. BTC Is in the trading range and I see potential for the breakout play.

Trading recommendation:

In case of the upside breakout of the resistance at $17.100, watch for buying opportunities with upside objective at $18.000

In case of the downside breakout of the support at $16.340, watch for selling opportunities with the downside objective at $15.800

*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 November 17,.2022 - Potentila for the breakout of the range