FX.co - BTC analysis for June 10,.2021 - Breakouto f the mini upside channel and potential for the drop towards $31.000

BTC analysis for June 10,.2021 - Breakouto f the mini upside channel and potential for the drop towards $31.000

Technical analysis:

BTC analysis for June 10,.2021 - Breakouto f the mini upside channel and potential for the drop towards $31.000

#Technical analysis
#Bitcoin
#Bitcoin Cash
#BTCUSD
#BCHUSD

BTC been trading downwards in last few hours and there is potential for the downside movement due to the breakout o the mini Pitchfork upside channel.

Trading recommendation:

Watch for potential selling on the rallies with the downside target at the price of $31.150

Stochastic is showing fresh bear cross and potential for the bigger drop....

Key resistance is set at $37.700

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Technical analysis #Bitcoin #Bitcoin Cash #BTCUSD #BCHUSD

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2025

FX.co ★ BTC analysis for June 10,.2021 - Breakouto f the mini upside channel and potential for the drop towards $31.000

Forex Analysis

BTC analysis for June 10,.2021 - Breakouto f the mini upside channel and potential for the drop towards $31.000