Can BTC Break Out Of The Sideways Range Today?
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Technical analysis:
BTC/USD has been trading sideways at the price of $20.100 and see potential for the breakout of the sideways range.
Trading recommendation:
Watch for the breakout of the sideways range to confirm further direction.
In case of the upside breakout of resistance at the price of $20.500, watch for buying opportunities on the dips with the upside objective at the price of $21.800.
In case of the downside breakout of the support at the price of $19.600, watch for selling opportunities on the rallies with the downside objective at the price of $18.980.
Relevance up to 10:00 2022-09-03 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.
