FX.co - BTC analysis for July 09,.2021 - Bear flag pattern in creation and potetential for drop towards $30.200

2021-07-09T12:55:27

Relevance until2021-07-11

Technical analysis:

BTC analysis for July 09,.2021 - Bear flag pattern in creation and potetential for drop towards $30.200

BTC has been trading sideways at the price of $33.000 but with potential for the downside continuation.

Trading recommendation:

Watch for selling opportunities on the rallies with the downside target at the price of $30.260

Bear flag pattern is in creation, which is another confirmation for the 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 09,.2021 - Bear flag pattern in creation and potetential for drop towards $30.200