FX.co ★ BTC analysis for August 26,.2020 - First downward target at the price of $11.111 has been reached. Potential for test of second target at $10.620

Further Development

Analyzing the current trading chart of BTC, I found that our yesterday's donward target at the price of $11,111 has been reached and that we got reaction from buyers there.

The sellers are in control but to confirm further downside movement I would like to see the downside breakout of $11,111.

In case of the downside breakout of $11,111 I see test of $10,618 to come into the play.

Key Levels:

Resistance: $11,545