FX.co ★ BTC update for July 18,.2022 - Rejection of the key resistance at $22.350

Technical analysis:

BTC has been trading upside in today but I found rejection of the key resistance at the price of $22.350. There is potential for the downside rotation.

Trading recommendation:

Due to the rejection of the key resistance at $22.350, I see potential lfor the downside rotation towards lower reference points.

Watch for the selling opportunities with the downside objectives at $21.600 and $20.800.

Stochastic is showing overbought condition and the fresh bear cross, which is another sign for the downside rotation.

Resistance is set at the price of $22.350