FX.co - BTC analysis for October 20,.2020 - BTC is heading towards my first target at $12.050. Potential for test of $12.400

2020-10-20T11:29:06

Relevance until2020-10-22

BTC analysis for October 20,.2020 - BTC is heading towards my first target at $12.050. Potential for test of $12.400

Further Development

BTC analysis for October 20,.2020 - BTC is heading towards my first target at $12.050. Potential for test of $12.400

Analyzing the current trading chart of BTC, I found thatBTC is heading towards our first target at $12,050, which is good sign for further upside continuation.

My advice is still to watch for buying opportunities using the intraday charts with take profits at $12,050 and $12,400

The main cause of the most recent strength on the BTC was the breakout of the symmetrical triangle in the background.

Key Levels:

Resistance:$12,050 and $12,400

Support level: $11,200

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

#Crypto-currencies #Bitcoin #Bitcoin Cash

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2024

FX.co ★ BTC analysis for October 20,.2020 - BTC is heading towards my first target at $12.050. Potential for test of $12.400

Forex Analysis

BTC analysis for October 20,.2020 - BTC is heading towards my first target at $12.050. Potential for test of $12.400