BTC analysis for September 23,.2021 - Bearish divergences in the background

Technical Analysis:

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BTC has been trading upside towards $44,400 but I see potential for the downside movement.


Trading recommendation:
Watch for selling opportunities with the potential downside targets at $42,000 and $40,400 due to bearish divergences this morning and the no buying pressure.

Bearish divergences are in the background, which is sign that selling looks preferable.

Key resistance is set at $44,500



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Petar Jacimovic
Analytical expert of InstaForex
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