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FX.co ★ BTC analysis for June 10,.2021 - Breakouto f the mini upside channel and potential for the drop towards $31.000

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Forex Analysis:::2021-06-10T08:58:53

BTC analysis for June 10,.2021 - Breakouto f the mini upside channel and potential for the drop towards $31.000

Technical analysis:

BTC analysis for June 10,.2021 - Breakouto f the mini upside channel and potential for the drop towards $31.000

BTC been trading downwards in last few hours and there is potential for the downside movement due to the breakout o the mini Pitchfork upside channel.

Trading recommendation:

Watch for potential selling on the rallies with the downside target at the price of $31.150

Stochastic is showing fresh bear cross and potential for the bigger drop....

Key resistance is set at $37.700

Analyst InstaForex
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