BTC analysis for November 23,.2021 - Potential for the another drop

Technical Analysis:

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BTC has been trading downside as I expected. There is the potential for the further downside continuation.


Trading recommendation:

Due to strong downside cycle in last 20 days, I see potential for the downside continuation.

Watch for selling opportunities on the rallies with the downside objective at the price of $53,411.

Stochastic is showing another fresh bear cross, which is sign for the downside continuation.

Resistance level is set at the price of $60,000




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Petar Jacimovic
Analytical expert of InstaForex
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