FX.co - BTC analysis for September 28,.2021 - Sellers in control, potential for drop towards $39.700

2021-09-28T11:30:35

Relevance until2021-09-29

Technical analysis:

BTC analysis for September 28,.2021 - Sellers in control, potential for drop towards $39.700

BTC has been trading downside most recently and I see potential for the downside continuation towards $40,800.

Trading recommendation:

Due to downside cycle and the downside trend, watch for selling opportunities on the intraday rallies with the targets at

$40,850

$39,700

Stochastic oscillator is showing bear condition with no evidence for the reversal.

Resistance is set at $44,350

*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 September 28,.2021 - Sellers in control, potential for drop towards $39.700