FX.co - BTC analysis for June 18,.2021 - First target reached at the price of $37.500. Potential for another downside wave.

Crypto Analysis:::2021-06-18T12:27:29

BTC analysis for June 18,.2021 - First target reached at the price of $37.500. Potential for another downside wave.

Technical analysis:

BTC analysis for June 18,.2021 - First target reached at the price of $37.500. Potential for another downside wave.

BTC has been trading downside as I expected. The price reached the first downside target at $37.500 and is heading towards second target at $35.000.

Trading recommendation:

Watch for potential selling opportunities on the rallies with the next downside target at $35.000.

Key resistance is set at $38.200

Stochastic oscillator is showing bullish stance but no extremes.....

Petar Jacimovic

Analyst InstaForex