FX.co - BTC analysis for June 14,.2021 - Exhastion from buyers and potential for drop towards $36.000

2021-06-14T12:19:35

Relevance until2021-06-15

Technical analysis:

BTC analysis for June 14,.2021 - Exhastion from buyers and potential for drop towards $36.000

BTC has been trading uspide but I see potential for the bigger drop. There is potential for the downside movement towards $36.000

Trading recommendation:

Watch for selling opportunities on the rallies with the next downside target at the price of $36.000.

I found the upside drifting pattern, which is BIG warning for the exhaustion from buyers and potential sell off...

Stochastic is showing overbought condition with potential for the downside rotation.

*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 June 14,.2021 - Exhastion from buyers and potential for drop towards $36.000