FX.co ★ BTC update for June 10,.2022 - Watch for the breakout of the consolidation

Technical analysis:

BTC has been trading sideways at the price of $30.000. I still see potential for the breakout in the next period.

Trading recommendation:

Due to the balanced regime, I see potetnial for the breakout in next period.

In case of the upside breakout of resistance at the price of $31.700, watch for buying opportunities with the upside objective at $33.860

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