FX.co - BTC analysis for July 16,.2021 - Upside potential in the play towards $32.000

2021-07-16T12:24:44

Relevance until2021-07-16

Technical analysis:

BTC analysis for July 16,.2021 - Upside potential in the play towards $32.000

BTC has been trading downwards today but I see big support at the price of 31.000. Upside movement is expected today.

Trading recommendation:

There is the bullish divergence and test of lower trendline, which is good sign for further rally.

Watch for buying opportunities on the pullbacks with the upside targets at $32.000 and $33.000..

*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 16,.2021 - Upside potential in the play towards $32.000