BTC analysis for July 20,.2021 - Breakout mode in play and potential test of $20.000

Technical Analysis:

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BTC has been trading downwards after the breakout of the tight consolidation. I see further downside movement.


Trading recommendation:
Watch for potential sselling opportunities on the rallies and the potential breakout of key support at $28,750.

Next bigger downside target is set at the price of $20,500.

Stochastic is in oversold area but with no evidence of any reversal....




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Petar Jacimovic
Analytical expert
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