empty
 
 
05.08.2020 01:45 PM
BTC analysis for August 05,.2020 - Watch for the potential breakout of the ascending triangle to confirm further upside continuation towards the level $12.000

As I discussed in the previous review, the BTC is very close for the upside breakout of the ascending triangle pattern in the background.

There is potential for test of $12,150

This image is no longer relevant

Further Development

Analyzing the current trading chart, I found that we got test of the major resistnace at $11,450 and that the upside breakout can confirm further upside movement towards the $12,150

Watch for the breakout of the ascending triangle to confirm further upside continuation

Key Lvels:

Resistance: $11,500

Support level: $11,000

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback