FX.co - BTC analysis for July 01,.2021 - First target reached at $33.000

2021-07-01T13:04:06

Relevance until2021-07-02

Technical analysis:

BTC analysis for July 01,.2021 - First target reached at $33.000

BTC has been trading downside as I expected. The price reached my downside target at $33.000.

Trading recommendation:

Watch for potential selling opportunities on the rallies with the next downside targets at the price of $30.000 and $29.193.

Stochastic is in oversold zone and fresh bull cross, which is sign that there is potential for the rally first and then downside continuation.

*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 July 01,.2021 - First target reached at $33.000