FX.co ★ BTC analysis for September 22,.2020 - Breakout of the daily bear flag and potential for bigger drop towards $9.000

Further Development

Analyzing the current trading chart of BTC, I found that my analysis from yesterday is still valid and there is potential for further drop towards the levels at $9,873 and $9,050

My advice is to watch for selling opportunities on the rallies in order to catch the downside cycle.

Stochastic oscillator is showing the fresh downside cross, which is another confirmation for the downside continuation...

Key Levels:

Resistance: $11,000

Support levels:$9,873 and $9,050