BTC analysis for October 14,.2021 - Potential for the downside rotation

Technical Analysis:

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BTC has been trading sideways at the price of $57,800 but I see potential for the downside rotation.


Trading recommendation:
My advice is to watch for selling opportunities with the downside targets at $57,200, $56,800 and $56,200.

Stochastic oscillator is showing potential for the downside rotation due to hinge pattern in the background.

Key resistance is set at $58,500




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Petar Jacimovic
Analytical expert of InstaForex
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