FX.co - BTC analysis for June 28,.2021 - Watch for potential selling opportunities due to bear divergence

2021-06-28T12:11:44

Relevance until2021-06-30

Technical analysis:

BTC analysis for June 28,.2021 - Watch for potential selling opportunities due to bear divergence

BTC has been trading downside due to overbought condition in the background. The price tested the level of $34.205.

Trading recommendation:

Watch for potential selling opportunities if the price breaks the upside channel.

Downside targets is set at the price of 1.1855.

Resistance is set at 1.1975

Stochastic is showing downside cross and potential for downside continuation...

Bollinger bands are showing contraction and potential for the breakout....

*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 28,.2021 - Watch for potential selling opportunities due to bear divergence