FX.co ★ BTC update for June 09,.2022 - Watch for the breakout of the consolidation

Technical analysis:

BTC has been trading sideways at the price of $30.190. I see potential for the breakout mode.

Trading recommendation:

Due to the very well defined sideways regime, I see potential for the breakout play.

In case of the breakout of support at $29.200, watch for selling opportunities with the downside objective at the price of $27.400

In case of the breakout of the resistance at $31.800, watch for buying opportunities with the objective at the price of $33.860