FX.co ★ BTC analysis for September 23,.2020 - Broken bear flag pattern and potential for the drop towards the $9.875

Further Development

Analyzing the current trading chart of BTC, I found that there is still more potential for the downside and potential test of $9,873. Two days ago we got the breakout of the bear flag, which is the good cause for the further drop.

Watch for selling opportunities on the rallies with the targets at $9,873 and $9,045.

Stochastic got the fresh flip to the downside, which is another confirmation for the downside.

Key Levels:

Resistance: $11,000

Support levels$9,873 and $9,042