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FX.co ★ BTC analysis for July 16,.2021 - Upside potential in the play towards $32.000

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Crypto Analysis:::2021-07-16T12:24:44

BTC analysis for July 16,.2021 - Upside potential in the play towards $32.000

Technical analysis:

BTC analysis for July 16,.2021 - Upside potential in the play towards $32.000

BTC has been trading downwards today but I see big support at the price of 31.000. Upside movement is expected today.

Trading recommendation:

There is the bullish divergence and test of lower trendline, which is good sign for further rally.

Watch for buying opportunities on the pullbacks with the upside targets at $32.000 and $33.000..

Analyst InstaForex
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