BTC analysis for October 07,.2020 -Contraction on the BTC. Watch for the breakout to confirm further direction

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BTC analysis for October 07,.2020 -Contraction on the BTC. Watch for the breakout to confirm further direction

BTC analysis for October 07,.2020 -Contraction on the BTC. Watch for the breakout to confirm further direction

Further Development

BTC analysis for October 07,.2020 -Contraction on the BTC. Watch for the breakout to confirm further direction

Analyzing the current trading chart of BTC, I found that my idea from yesterday is still active.

I see well developed symmetrical triangle and my advice is to watch for the breakout to confirm further direction…

The upside breakout of resistance at the price of $10,800 might confirm test of $11,090 and $12,000

The downside breakout of support at the price of $10,370 might confirm further downside movement towards $9,815 and $8,975

Key Levels:

Resistance: $10,800

Support level: $10,370

The material has been provided by InstaForex Company – www.instaforex.com

Source : https://www.mt5.com/forex_analysis/quickview/190608/