FX.co ★ BTC analysis for June 24,.2020 - Strong downbreak as I expected. Watch for more further selling towards the level at $8.890

News:

Available data shows that over the last 16 days Ethereum users have been paying more to move funds on their network than Bitcoin users.

Technical analysis:

BTC has been downwards, extacly what I expected yesterday.Due to confirmed breakout of the Pitchfork upward channel , I still see further downside movement towards the level at $8,890

Trading recommendation:

Watch for sellling opportunities on the rallies using the intraday frames like 15/30 minutes with the target at $8,890.

There is clear breakout of the upward trendline and Pitchfork upside channel, which is good indication for further downside movement.