BTC analysis for September 20,.2021 - Strong selling pressure and potential for the test of $38.000

Technical Analysis:

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BTC has been trading downside as we expected. The BTC is heading towards 100% projection at $38,000.


Trading recommendation:
Due to strong downside pressure and the breakout of the 5-day balance, watch for selling opportunities on the rallies.

Downside target is set at the price of $38,000

Stochastic is showing another fresh bear cross on the daily time-frame, which is good confirmation for the downside movement.





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Petar Jacimovic
Analytical expert of InstaForex
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