The Downward Trend Remains Strong In The Bitcoin Market| FXMAG.COM

Technical analysis:
Trading recommendation:

Technical analysis:

the downward trend remains strong in the bitcoin market grafika numer 1

BTC/USD has been trading downside as I expected and the price and the price is heading towards downside objectives from last week. I still see potential for the further drop.

Trading recommendation:

Due to the strong downside pressure in the background and breakout of the triangle pattern, I see potential for further drop..

Watch for the potential selling opportunities on the intraday rallies with the downside objectives at the price of $18.000 and $17.700.

MACD oscillator is showing downside reading, which is good sign for further downside movement.

Key resistance is set at the p[rice of $19.800

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Relevance up to 09:00 2022-09-27 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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