BTC analysis for August 18,.2021 - Rejection of the key resistance at $48.000 in the background

Technical analysis:
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BTC/USD has been trading downwards at the price of $45,250. I see potential for further downside continuation.


Trading recommendation:
Watch for selling opportunities on the intraday rallies with the downside targets at the price of $45,800 and $38,000.

Stochastic is showing bear divergence and fresh bear cross, which is another sign for the downside movement in the next period.

Key resistance is set at the price of $48,000




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Petar Jacimovic
Analytical expert
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