FX.co ★ BTC analysis for August 12,.2020 - Downward target reacjed at $11.140 with potentila for more downside continuation

Further Development

Analyzing the current trading chart of BTC, I found that BTC managed to test our downside target from yesterday at the price of $11,125. Anyway, the price rejected but the Bollinger bands started to expand, which is good indication for the further downside continuation.

Watch for selling opportunities on the rallies with the downward targets at $11,120 and $10,570

Key Lvels:

Support: $11,140 and $10,600

Resistance level: $11,470