FX.co - BTC analysis for June 15,.2021 - Exhaustion from buyers and potential for drop towards $37.500

2021-06-15T12:23:04

Relevance until2021-06-17

Technical analysis:

BTC analysis for June 15,.2021 - Exhaustion from buyers and potential for drop towards $37.500

BTC has been trading upwards but I found that there is exhaustion and potential for the drop.

Trading recommendation:

Watch for selling if you see the breakout of the mini upside channel.

Downside targets will be set at $37.500 and $35.000.

Stochastic is showing overbought condition and fresh bear cross, which is sign for the downside movement.

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

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for June 15,.2021 - Exhaustion from buyers and potential for drop towards $37.500