Economic CalendarQuotes & ChartsForex Trading SignalsPAMM Account RatingTrading Sessions
flag English arrow
logo
Home
Publications
Top Articles Forex Analytics Forex Analysis for Beginners Video Analytics Crypto News Forex NewsForex TVForex HumorNews in Pictures Trader Journals
See also
Forex Online
Quotes & Charts Forex AnalyticsForex NewsEconomic Calendar Technical Analysis Patterns Forex Trading Signals PAMM Account Rating Trading Session Schedule
See also
Crypto
QuotesNewsTrade Crypto IFXBIT Platform #Bitcoin#Ethereum#RippleBitcoin Cash
Monitoring
Forum
Trade Now

FX.co ★ BTC update for November 20, 2023 - Consolidation in progress

header image

Forex Analysis

20 November 2023 at 9:53AM (UTC+0)
iconRelevance until21 November 2023 at 9:53AM (UTC+0)

BTC update for November 20, 2023 - Consolidation in progress

Technical analysis:

BTC update for November 20, 2023 - Consolidation in progress

BTC/USD has been trading flat in side of the trading range. Trading range between the resistance at $38.000 and support at $34.800.

See also: InstaForex is one of the leaders in the Forex market, 12 years on the market, more than 7,000,000 active clients

In case of the upside breakout of the resistance cluster at $38.000, there is potential for the rally towards $40.475

In case of the downside breakout of the rising treeline around $36.300, there si the chance for the downside movement towards $35.000

RSI oscillator reading is above the 60 level, which is sign that buyers are in control on the 4H time-frame.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Analytical expert
Go to the articles list Go to this author's articles Open trading account