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FX.co ★ BTC analysis for July 13,.2021 - Downside continuation and potential for drop towards $30.000

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Crypto Analysis:::2021-07-13T12:44:07

BTC analysis for July 13,.2021 - Downside continuation and potential for drop towards $30.000

Technical analysis:

BTC analysis for July 13,.2021 - Downside continuation and potential for drop towards $30.000

BTC has been trading downside as I expected. The main cause for the downside movement was the breakout of the bear flag pattern in the background.

Trading recommendation:

Watch for selling opportunities on the rallies using the intraday time-frame. Downside targets are set at the price of $30.000 and $29.000.

Analyst InstaForex
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