FX.co - BTC analysis for July 08,.2021 - Breakout of the symmetrical triangle and potential for drop towards $30.000

8 July 2021 at 12:04PM (UTC+0)

Relevance until9 July 2021 at 12:04PM (UTC+0)

Technical analysis:

BTC analysis for July 08,.2021 - Breakout of the symmetrical triangle and potential for drop towards $30.000

BTC has downside and there is the breakout of the symmetrical triangle and downside continuation.

Trading recommendation:

Watch for selling opportunities on the rallies with the downside targets at $30.000 and $29.000.

Stochastic is showing oversold condition but with no bull cross....

Resistance is set at $33.400

*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 08,.2021 - Breakout of the symmetrical triangle and potential for drop towards $30.000