FX.co - BTC analysis for September 10,.2021 - Breakout of the bear flag in the background

2021-09-10T11:22:19

Relevance until2021-09-11

Technical analysis:

BTC analysis for September 10,.2021 - Breakout of the bear flag in the background

BTC started the breakdown of the bear flag pattern and I see potential for the downside continuation.

Trading recommendation:

Due to the breakout of the bear flag pattern and due to strong downside cycle, watch for selling opportunities on the rallies.

Main downside target is set at the price of $43,300

*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 September 10,.2021 - Breakout of the bear flag in the background