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22.10.202013:28 Forex Analysis & Reviews: BTC analysis for October 22,.2020 - Third upside target at the price of $12.460 has been reached. Potential for further rally towards $13.835

Further Development

Exchange Rates 22.10.2020 analysis

Analyzing the current trading chart of BTCUSD, I found that the buyers are in control and tthat price reached our third upside target from yesterday at $12,460.

I still see strong bullish conduit and potential for test of $13,830.

Watch for buying opportunities on the dips wit hthe target at $13,835

Key Levels:

Resistance: $13,225, $13,833

Support level:$12,200

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert
InstaForex Group © 2007-2021
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