BTC analysis for October 14,.2020 – Bull flag pattern on the 4H time-frame and potential for the rally towards $12.000

Trading 14 oct 2020 Donner votre avis

Further Development

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Analyzing the current trading chart of BTC, I found that buyers are still in control and that there is the bull flag pattern in creation based on the 4H time-frame.

My advice is to watch for potential buying opportunities with the take profit at the price of $12,000

The main cause of the most recent upside cycle on BTC was the breakout of the contraction and symmetrical triangle in the background.

Resistance: $12,000

Support level: $11,30

The material has been provided by InstaForex Company - www.instaforex.com

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