FX.co - BTC analysis for July 06,.2021 - Watch for selling opportuniites on the rallies

2021-07-06T11:51:04

Relevance until2021-07-07

Technical analysis:

BTC analysis for July 06,.2021 - Watch for selling opportuniites on the rallies

BTC has been trading downside as I expected. The price is heading towards the first objective at $29.000

Trading recommendation:

Watch for potential selling on the rallies with the downside target at $29.000

Bollinger bands are contracting and this is sign that breakout is about to happen....

Resistance is set at $37.000

*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 July 06,.2021 - Watch for selling opportuniites on the rallies