BTC analysis for October 12,.2021 - Potential for the downside rotation

Technical Analysis:

Name: b-p-121021.jpg Views: 19 Size: 50.0 KB

BTC has been trading sideways at the price of $57,000 but I see potential for the downside movement towards lower references.


Trading recommendation:
Watch for selling opportunities due to upside exhaustion in the background. The downside targets are set at $56,400, $55,900 and $45,600.

Stochastic is showing bearish divergence and potential for the further downside movement.

Key resistance is set at $57,800




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