BTC analysis for September 28,.2021 - Sellers in control, potential for drop towards $39.700

Technical Analysis:

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BTC has been trading downside most recently and I see potential for the downside continuation towards $40,800.


Trading recommendation:
Due to downside cycle and the downside trend, watch for selling opportunities on the intraday rallies with the targets at

$40,850

$39,700

Stochastic oscillator is showing bear condition with no evidence for the reversal.

Resistance is set at $44,350




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Petar Jacimovic
Analytical expert of InstaForex
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