BTC analysis for July 07,.2021 - Symmetrical triangle in creation. Watch for the breakout

Technical analysis:

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BTC has been trading sideways at the price of $34.840. There is contraction and potential for the breakout.


Trading recommendation:
Due to the symmetrical triangle pattern in creation, watch for the breakout to confirm further direction..

Downside breakout of the support at $33.000 can lead BTC towards $28.800

Upside breakout of resistance at $36.000 can lead BTC towards $40.000




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Petar Jacimovic
Analytical expert
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