FX.co - BTC analysis for October 09,.2020 - Finally the breakout of the symmetrical triangle pattern to the upside. Potential for test of $12.000

2020-10-09T11:27:34

Relevance until2020-10-11

BTC analysis for October 09,.2020 - Finally the breakout of the symmetrical triangle pattern to the upside. Potential for test of $12.000

Further Development

BTC analysis for October 09,.2020 - Finally the breakout of the symmetrical triangle pattern to the upside. Potential for test of $12.000

Analyzing the current trading chart of BTC, I found that there is the breakout of the symmetrical triangle and perfect contraction, which is strong sign for the further upside movement.

My advice is to watch for buying opportunities on the dips with the upside targets at $12,068 and $12,450

Key Levels:

Resistance: $11,090

Support level: $10,500

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Crypto-currencies #Crypto industry news #Bitcoin #Bitcoin Cash

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2024

FX.co ★ BTC analysis for October 09,.2020 - Finally the breakout of the symmetrical triangle pattern to the upside. Potential for test of $12.000

Forex Analysis

BTC analysis for October 09,.2020 - Finally the breakout of the symmetrical triangle pattern to the upside. Potential for test of $12.000