BTC analysis for October 20,.2020 - BTC is heading towards my first target at $12.050. Potential for test of $12.400

Further Development

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Analyzing the current trading chart of BTC, I found thatBTC is heading towards our first target at $12,050, which is good sign for further upside continuation.

My advice is still to watch for buying opportunities using the intraday charts with take profits at $12,050 and $12,400

The main cause of the most recent strength on the BTC was the breakout of the symmetrical triangle in the background.


Key Levels:

Resistance: $12,050 and $12,400

Support level: $11,200



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Performed by Petar Jacimovic
Analytical expert
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