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06.08.2021 02:48 PM
BTC analysis for August 06,.2021 - Symmetrical triangle in creation
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Technical analysis:

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BTC has been trading sideways at the price fo $40,600 and watching for the breakout will be good strategy under current condition.

Trading recommendation:

Watch for the breakout of the symmetrical triangle pattern in the background to confirm further direction.

In case of the upside breakout of the resistance at $41,350, watch for buying with target at $42,900

In case of the downside breakout of support at $39,900, watch for selling with target at $38,400.

Petar Jacimovic,
Analytical expert of InstaTrade
© 2007-2025
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