Technical analysis:
BTC/USD has been trading sideways at the price of $27.300 in the very tight range. I see potential for the range expansion in the next period.
Due to the very tight consolidation, I see potential for the direction reange expansion in the next period.
Downside breakout of the support at $27.000 can confirm further downside movement towards $24.100
Upside breakout of the resistance at $27.915 can confirm further upside movement towards $29.150 and $30.500
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading sideways
at the price of $27.300 in the very tight range. I see potential for
the range expansion in the next period.
Due
to the very tight consolidation, I see potential for the direction
reange expansion in the next period.
Downside
breakout of the support at $27.000 can confirm further downside
movement towards $24.100
Upside
breakout of the resistance at $27.915 can confirm further upside
movement towards $29.150 and $30.500
The material has been provided by InstaForex Company – www.instaforex.com
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