FX.co ★ BTC update for June 17,.2022 - Potential for the downside breakout

Technical analysis:

BTC has been trading sideways at the price of $21.000 but I see potential for the downside continuation in case of the breakout of $20.000.

Trading recommendation:

Due to balanced regime in last few days, I see potential for the breakout play.

Watch for potential breakout of support at the price of $20.000 to confirm further drop.

Downside objective is set at the price of $10.000

MACD is showing downside momentum with no big signs for the reversal.

Short-term resistance is set at $23.300