FX.co - BTC analysis for July 30,.2021 - Breakout of the contraction and potential for drop towards $36.000

2021-07-30T12:16:16

Relevance until2021-08-01

Technical analysis:

BTC analysis for July 30,.2021 - Breakout of the contraction and potential for drop towards $36.000

BTC has been trading downwards today and there is the breakout mode active.

Trading recommendation:

Watch for the selling opportunities on the rallies due to the breakout of the contraction (symmetrical triangle) in the background.

Stochastic is showing negative reading and fresh new supply...

Key resistance is set at $41,000

*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 30,.2021 - Breakout of the contraction and potential for drop towards $36.000