FX.co - BTC update for October 26,.2022 - Breakout of the triangle pattern in the background

2022-10-26T06:58:28

Relevance until2022-10-27

Technical analysis:

BTC update for October 26,.2022 - Breakout of the triangle pattern in the background

BTC/USD has been trading upside ans the price is near the main upside objective at $20.455. There is potential for test of the first upside target.

Trading recommendation:

Due to the breakout of the triangle pattern in the background, there is potential for further rally.

Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of $20.450 and $22.450.

MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.

Support is set at the price of $19.900

*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 update for October 26,.2022 - Breakout of the triangle pattern in the background