FX.co ★ BTC analysis for September 30,.2020 - Broken upside channel in the background and potential for the bigger drtop towards $10.150

Technical analysis:

BTC has been trading sideways at the price of $10,700. There is potential for the bigger drop towards the $10,150 due to breakout of the rising trendline in the background.

Trading recommendation:

Watch for potential selling opportunities on the rallies with the downside targets at $10,555 and $10,150.

Resistance is seen at the price $10,850