FX.co ★ BTC analysis for July 15,.2020 - Watch for potential downside break and drop towards $7.813

Technical analysis:

BTC has been trading sideways at the price of $9,300. There is potential for the bigger drop but the price would need to breakout the key support at $8,900 to confirm downside direction.

Trading recommendation:

Watch for potential selling opporutnities in case of the downside breakout of support at $8,900.

Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.