Crypto: Technical Look - Bitcoin Price (1 BTC To USD)

Will Bitcoin's Bulls Be Strong Enough?

Relevance up to 13:00 2022-07-15 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Technical analysis:

BTC has been trading sideways in last few weeks and I see potential for the breakout mode. Trading recommendation: Watch for the breakout of the consolidation to confirm further direction. If the price breaks the resistance level at $22.360, watch for buying opportunities on the dips with the upside objective at $27.000 If the price breaks the support level at $17.700, watch for selling opportunities on the rallies with the downside objective at $12.776.

 

 

Read more: https://www.instaforex.eu/forex_analysis/284530

Will Bitcoin's Bulls Be Strong Enough?

InstaForex Analysis

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