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

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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 Levels:

Resistance: $11,500

Support level: $11,000



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Performed by Petar Jacimovic
Analytical expert
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