BTC analysis for August 31,.2021 - Watch for rally towards upper trendline

Technical analysis:

Name: b-p-310821.jpg Views: 9 Size: 156.9 KB

BTC has been trading upside, there is potential for the re-test of the resistance at $48,500.


Trading recommendation:
My advice is to watch for buying opportunities on the pullbacks with target at $48,500 but then potential for downside rotation due to downside trending mode.

Key resistance is set at $48,700




Name: 44.png Views: 8 Size: 13.7 KB
Petar Jacimovic
Analytical expert of InstaForex
© 2007-2021