FX.co ★ BTC analysis for August 19,.2021 - Sellers in control

Technical analysis:

BTC has been trading downside as I expected. I see potential for further downside movement and potential test of $38,000.

Trading recommendation:

Watch for selling opportunities below the $43,000 with the downside target at $38,000.

Stochastic is showing bearish divergence on extreme reading but with fresh bear cross, which is sign for the further downside movement.