Technical analysis:
BTC/USD has been trading sideways at the price of $34.340 and there is potential for the breakout mode.
In case of the breakout of the resistance at $35.200, there is the chance for the rally and growth towards $36.920
In case of the downside breakout of the support at $33.250, there is the potential for the further drop towards $32.185 and $30.700
RSI oscillator is showing neutral reading around 50 level, which is sign of the indecision.
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
BTC/USD has been trading sideways at the price of $34.340 and there is potential for the breakout mode.
In case of the breakout of the resistance at $35.200, there is the chance for the rally and growth towards $36.920
In case of the downside breakout of the support at $33.250, there is the potential for the further drop towards $32.185 and $30.700
RSI oscillator is showing neutral reading around 50 level, which is sign of the indecision.
The material has been provided by InstaForex Company – www.instaforex.com
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