FX.co ★ BTC analysis for August 31,.2021 - Watch for rally towards upper trendline

Technical analysis:

BTC has been trading upside, there is potential for the re-test of the resistance at $48,500.

Trading recommendation:

My advice is to watch for buying opportunities on the pullbacks with target at $48,500 but then potential for downside rotation due to downside trending mode.

Key resistance is set at $48,700