FX.co ★ BTC analysis for June 29,.2020 - Sellers in control and potentia for drop towards the $8.200

Corona virus summary:

Boris Johnson has admitted the coronavirus crisis has been "an absolute nightmare for the country", while declaring it was time for a "Rooseveltian approach to the UK" but not yet time for an inquiry. "I don't think the moment is right now for consecrating a huge amount of official time to all that, but we are learning lessons the whole time and we obviously will draw the right conclusions for the future."

Technical analysis:

BTC has been trading downwards. The price tested the level of $9,075. I see further downside continuation due to the breakout of the rising wedge in the background.

Trading recommendation:

Watch for selling opportuntiies on the rallies due to breakout of rising wedge in the background and downward channel in control.