FX.co - BTC analysis for July 19,.2021 - Watch for the breakout mode

2021-07-19T12:16:48

Relevance until2021-07-21

Technical analysis:

BTC analysis for July 19,.2021 - Watch for the breakout mode

BTC has been trading sideways (contraction) in the pat few days and I see potential for the breakout play.

Trading recommendation:

Watch for the breakout to confirm further direction.

Upside breakout of resistance at $32,175 can lead BTC for test of $34,500

Downside breakout of support at $31,000 can lead BTC towards $28,950

*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 analysis for July 19,.2021 - Watch for the breakout mode