What Potential Will Bitcoin Show Today? To Buy Or To Sell?

Zhao: FTX Turned To Binance For Help | Bitcoin's Price Is Located Below The Technical Support

Technical analysis:

 

BTC/USD has been trading sideways in the trading range at the price of $20.000 but I see potential for the breakout mode.

Trading recommendation:

In case of the downside breakout of the support at the price of $19.500, watch for selling opportunities with the downside objective at the price of $18.000

In case of the upside breakout of the resistance at the price of $20.500, watch for buying opportunities with the upside objective at the price of $21.700

 

 

Relevance up to 10:00 2022-09-07 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.

Read more: https://www.instaforex.eu/forex_analysis/291572

Zhao: FTX Turned To Binance For Help | Bitcoin's Price Is Located Below The Technical Support

InstaForex Analysis

Instant Trading EU Ltd. is the CFD broker regulated by CySec with license number 266/15.

 

Besides CySEC, Instant Trading EU Ltd. is also supervised by the Czech National Bank (CNB), the Slovak National Bank (SNB), and the Polish Financial Supervision Authority (KNF). Consequently, InstaForex has branches in the Czech Republic, Slovakia, and Poland, where it provides support in local languages. InstaForex is a member of the Investor Compensation Fund (I.C.F) which is an additional security for the client's funds. Besides, the broker ensures the Negative balance protection. So, the reliability and trustworthiness of this broker raise no doubts.

 

Instaforex offers access to more than 2,500 instruments (Stocks CFDs, ETFs, IPOs, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Stocks) and the MT4 and MT5 platforms, trading accounts in EUR, USD, PLN, CZK, GBP.

 

More information at: www.instaforex.eu

Follow InstaForex on:

Twitter | LinkedIn