FX.co - BTC analysis for August 14,.2020 - Potential for the another downside leg towards the $11.140

14 August 2020 at 2:45PM (UTC+0)

Relevance until16 August 2020 at 2:45PM (UTC+0)

As I discussed in the previous review, the BTC is in sideways mode and still inside of the range from 3-days ago.

Further Development

BTC analysis for August 14,.2020 - Potential for the another downside leg towards the $11.140

Analyzing the current trading chart on BTC, I found that there is potential for the downside rotation towards the support at $11,120 or even $10,580.

There is the breakout of the rising channel (slope) in the background, which is good indication for the further downside movement.

Key Levels:

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for August 14,.2020 - Potential for the another downside leg towards the $11.140