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FX.co ★ BTC analysis for August 31,.2021 - Watch for rally towards upper trendline

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Crypto Analysis:::2021-08-31T11:46:40

BTC analysis for August 31,.2021 - Watch for rally towards upper trendline

Technical analysis:

BTC analysis for August 31,.2021 - Watch for rally towards upper trendline

BTC has been trading upside, there is potential for the re-test of the resistance at $48,500.

Trading recommendation:

My advice is to watch for buying opportunities on the pullbacks with target at $48,500 but then potential for downside rotation due to downside trending mode.

Key resistance is set at $48,700

Analyst InstaForex
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