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FX.co ★ BTC analysis for June 30,.2021 - Potential for the further drop towards $32.750

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Crypto Analysis:::2021-06-30T12:37:21

BTC analysis for June 30,.2021 - Potential for the further drop towards $32.750

Technical analysis:

BTC analysis for June 30,.2021 - Potential for the further drop towards $32.750

BTC has been trading downside as I expected. I see potential lfor the further downside movement towards lower reference points at $32.765 and $30.200.

Trading recommendation:

Watch for potential for selling opportunities on the rallies with the downside targets at $32.765 and $30.200.

Upside target is set at the price of 110.10

Stochastic is showing oversold condition but the bull cross looks weak, which is sign for bear market.

Resistance is set at $36.700

Analyst InstaForex
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