FX.co ★ BTC analysis for September 24,.2020 - Bear flag in creation on the hourly time-frame. Potential for drop towards the level of $9.850

Further Development

Analyzing the current trading chart of BTC, I still see potential for the new downside leg towards the levels at $10,140 and $9,854.

Based on the hourly time-frame, I found that there is the bear flag pattern in creation.

Watch for selling opportunities on the rallies with take profits at $10,140 and $9,855

Stochastic oscillator is looking overbought, which is another sign for the potential downside rotation....

Key Levels:

Resistance: $10,500

Support level: 10,140 and $9,855