FX.co - BTC analysis for September 21,.2021 - Sellers in control and potential for another drop

21 September 2021 at 11:51AM (UTC+0)

Relevance until22 September 2021 at 11:51AM (UTC+0)

Technical analysis:

BTC analysis for September 21,.2021 - Sellers in control and potential for another drop

BTC has been trading downside as I expected but there is still potential for further downside continuation.

Trading recommendation:

Watch for potential selling opportunities on the rallies with thee next downside targets at $38,300 and $33,000.

There is another bear cross on the Stochastic, which is another sign for the continuation.

Resistance is set at $43,000

*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 September 21,.2021 - Sellers in control and potential for another drop