FX.co - BTC analysis for September 14,.2020 - Breakout of the rising channel in the background and potential for test of $9.140 and $8.400

2020-09-14T12:29:28

Relevance until2020-09-16

BTC analysis for September 14,.2020 - Breakout of the rising channel in the background and potential for test of $9.140 and $8.400

Further Development

BTC analysis for September 14,.2020 - Breakout of the rising channel in the background and potential for test of $9.140 and $8.400

Analyzing the current trading chart of BTC, I found that there is no change since my last analysis and I still expect another downside movement towards the $9,135 and $8,400.

There is the breakout of the rising channel in the background and I see the current rally like the re-test phase after the downside breakout, which is another confirmation for the downside continuation.

Watch for selling opportunities on the rallies...

Key Levels:

Resistance: $11,000

Support level: $9,135 and $8,40

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

#Crypto-currencies #Bitcoin #BTCUSD

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2024

FX.co ★ BTC analysis for September 14,.2020 - Breakout of the rising channel in the background and potential for test of $9.140 and $8.400

Forex Analysis

BTC analysis for September 14,.2020 - Breakout of the rising channel in the background and potential for test of $9.140 and $8.400