FX.co - BTC analysis for July 13,.2021 - Downside continuation and potential for drop towards $30.000

2021-07-13T12:44:07

Relevance until2021-07-15

Technical analysis:

BTC analysis for July 13,.2021 - Downside continuation and potential for drop towards $30.000

BTC has been trading downside as I expected. The main cause for the downside movement was the breakout of the bear flag pattern in the background.

Trading recommendation:

Watch for selling opportunities on the rallies using the intraday time-frame. Downside targets are set at the price of $30.000 and $29.000.

*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 13,.2021 - Downside continuation and potential for drop towards $30.000