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FX.co ★ BTC analysis for September 07,.2021 - Outside bar and fresh bear cross for potential further drop

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Crypto Analysis:::2021-09-07T11:11:43

BTC analysis for September 07,.2021 - Outside bar and fresh bear cross for potential further drop

Technical analysis:

BTC analysis for September 07,.2021 - Outside bar and fresh bear cross for potential further drop

BTC has been trading downside today and there is the breakout of the tight upside channel, which is sign for the further downside movement.

Trading recommendation:

Watch for selling opportunities on the rallies due tto the breakout of the previous day low yesterday and thee fresh bear cross on the oscillator.

Downside targets are set at the price of $47,000 and $44,000

Analyst InstaForex
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