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FX.co ★ BTC analysis for June 17,.2021 - Breakout of the bear flag pattern and potential for test of $35.000

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Crypto Analysis:::2021-06-17T12:29:27

BTC analysis for June 17,.2021 - Breakout of the bear flag pattern and potential for test of $35.000

Technical analysis:

BTC analysis for June 17,.2021 - Breakout of the bear flag pattern and potential for test of $35.000

BTC has been trading downside as we expected but I still see potential for new downside wave.

Trading recommendation:

Watch for potential selling opportunities on the rallies with the downside targets at the price of $37.500 and $35.000.

Stochastic is showing overbought condition and fresh new bear cross, which is good indication for the further drop...

Analyst InstaForex
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