BTC analysis for October 13,.2021 - Firsrt objective reached and potential for another drop towards $52.000

Technical Analysis

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BTC has been trading downside as I expected. The price reached first objective at $54,000 but there is potential another downside swing.


Trading recommendation:
My advice is to watch for selling opportunities on the rallies with the next downside targets at $53,600 and $52,000.

Downside targets are set at the price of $53,600 and $52,000

Resistance is set at $56,500




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Petar Jacimovic
Analytical expert of InstaForex
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