Technical analysis:
BTC/USD has been trading sideways at the price of $25.900 and there is potential for rejection or the breakout of the support.
Due to the sideways market and support at the price of $1.940 on test, pay attention on the price action around this key support.
In case of the downside breakout of the support, I see potential for the downside movement towards $25.000
In case of the rejection of the support zone, I see potential for the rally towards $26.300
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading
sideways
at the price of $25.900
and there is potential for rejection or the breakout of the support.
Due
to the sideways market and support at the price of $1.940 on test,
pay attention on the price action around this key support.
In
case of the downside breakout of the support, I see potential for the
downside movement towards $25.000
In
case of the rejection of the support zone, I see potential for the
rally towards $26.300
The material has been provided by InstaForex Company – www.instaforex.com
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