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BTC analysis for February 09,.2022 - Symmetrical triangle and balanced regime

Technical analysis:


BTC has been trading sideways at the price of $44,000 and I see potential for the breakout play.

Trading recommendation:

Due to sideways market and indecision, I see potential for the breakout play.

If you see the breakout of the resistance at the price of $44,530, watch for upside opportunities with the upside objectives at $45,537 and $48,500

If you see downside breakout of support at $42,800, watch for selling opportunities with the potential downside objectives at $42,000 and $41,190

Trading analysis offered by Complex Trader - a RobotFX partner.