Main Quotes Calendar Forum
flag

FX.co ★ BTC update for September 15, 2023 - Potential for the further downside movement

parent
Crypto Analysis:::2023-09-15T08:36:18

BTC update for September 15, 2023 - Potential for the further downside movement

Technical analysis:

BTC update for September 15, 2023 - Potential for the further downside movement

BTC/USD has been trading upside in the background but I found exhaustion channel pattern and potential for the downside movement.

Due to the lack of buying power and potential bear wedge formation, I see potential for the further drop towards lower reference.

Downside objective is set at the price of $25.850

RSI oscillator is showing bearish divergence in creation, which is sign that we might see further downside movement.

Key resistance is set at the price of $26.800

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...