FX.co - BTC analysis for September 08,.2020 - Sellers in control and there is potential for bigger drop towards the $8.615

2020-09-08T11:25:08

Relevance until2020-09-09

Further Development

BTC analysis for September 08,.2020 - Sellers in control and there is potential for bigger drop towards the $8.615

Analyzing the current trading chart of BTC I found that sellers are in control today and that we got the breakout of the balance in the background.

I would watch for selling opportunities on the rallies with the downside targets at $9,070 and $8,615

The short term trend shifted from upside to the downside by breaking the rising trend line in the background.

Key Levels

Resistance: $1,935

Support levels: $1,884 and $1,815.

*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 September 08,.2020 - Sellers in control and there is potential for bigger drop towards the $8.615