FX.co - BTC analysis for September 20,.2021 - Strong selling pressure and potential for the test of $38.000

2021-09-20T12:22:00

Relevance until2021-09-21

Technical analysis:

BTC analysis for September 20,.2021 - Strong selling pressure and potential for the test of $38.000

BTC has been trading downside as we expected. The BTC is heading towards 100% projection at $38,000.

Trading recommendation:

Due to strong downside pressure and the breakout of the 5-day balance, watch for selling opportunities on the rallies.

Downside target is set at the price of $38,000

Stochastic is showing another fresh bear cross on the daily time-frame, which is good confirmation for the downside movement.

*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 20,.2021 - Strong selling pressure and potential for the test of $38.000