FX.co - BTC analysis for October 06,.2021 - Completion of the ABC downside correction

2021-10-06T12:13:54

Relevance until2021-10-07

Technical analysis:

BTC analysis for October 06,.2021 - Completion of the ABC downside correction

BTC completed ABC downside correction and I see potential for further rally.

Trading recommendation:

Watch for buying opportunities with the next upside target at $52,760.

Short-term trend is bullish....

Stochastic look positive for further upside continuation.

Key support is set at $50,400

*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 October 06,.2021 - Completion of the ABC downside correction