logo

FX.co ★ BTC analysis for July 21,.2021 - Buyers in control and potential for re-test of $32.000 in the play

BTC analysis for July 21,.2021 - Buyers in control and potential for re-test of $32.000 in the play

Technical analysis:

BTC analysis for July 21,.2021 - Buyers in control and potential for re-test of $32.000 in the play

BTC has been trading upwards due to the exhaustion in the background. I see potential for further rally before any bigger downside rotation.

Trading recommendation:

Watch for the buying opportunities on the pullbacks with the upside targets at the price of 1$32,000 and $32,200.

Stochastic is in overbought zone but there is no reversal pattern or strong bear cross, which is sign that buyers are in control.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account