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FX.co ★ BTC analysis for June 14,.2021 - Exhastion from buyers and potential for drop towards $36.000

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Crypto Analysis:::2021-06-14T12:19:35

BTC analysis for June 14,.2021 - Exhastion from buyers and potential for drop towards $36.000

Technical analysis:

BTC analysis for June 14,.2021 - Exhastion from buyers and potential for drop towards $36.000

BTC has been trading uspide but I see potential for the bigger drop. There is potential for the downside movement towards $36.000

Trading recommendation:

Watch for selling opportunities on the rallies with the next downside target at the price of $36.000.

I found the upside drifting pattern, which is BIG warning for the exhaustion from buyers and potential sell off...

Stochastic is showing overbought condition with potential for the downside rotation.

Analyst InstaForex
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