FX.co ★ BTC update for October 04,.2022 - Brekaout in play

Technical analysis:

BTC/USD has been trading upside and there is potential for the breakout of the triangle.

Trading recommendation:

Watch for the breakout of key resistance levels at $20.340 to confirm further upside movement.

In case of the upside breakout of the resistance, watch for buying opportunities on the intraday dips with the upside objective at $22.400.

Stochastic oscillator is showing bullish cross, which is good sign that buyers are taking control.

Key support is set at the price of $18.200