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FX.co ★ BTC update for August 30,.2022 - Fresh bear cross on the oscillator

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Crypto Analysis:::2022-08-30T11:16:56

BTC update for August 30,.2022 - Fresh bear cross on the oscillator

Technical analysis:

BTC update for August 30,.2022 - Fresh bear cross on the oscillator

BTC/USD been trading upside but I see potential for the downside rotation due to overbought condition.

Trading recommendation:

Due to the overbought condition and fresh bear cross on the Stochastic oscillator, I see further downside movement.

Watch for potential selling opportunities on the intraday rallies with the downside objectives at $19.000

Key resistance is set at the price of $20.780

Analyst InstaForex
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