FX.co - BTC analysis for September 24,.2021 - First target reacheeed at $42.000, second target set at $40.000

2021-09-24T11:45:47

Relevance until2021-09-25

Technical analysis:

BTC analysis for September 24,.2021 - First target reacheeed at $42.000, second target set at $40.000

BTC has been trading downside as I expected. BTC reached my first downside objective at $42,000 and is heading to test second at $40,000.

Trading recommendation:

Sellers in control, watch for selling opportunities on the rallies with the next downside targets at $40,000 and $37,650.

Stochastic is showing oversold condition but with no reversal yet, which is sign that sellers can continue with more downside.

*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 24,.2021 - First target reacheeed at $42.000, second target set at $40.000