BTC analysis for June 24,.2020 - Strong downbreak as I expected. Watch for more further selling towards the level at $8.890

News:
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Available data shows that over the last 16 days Ethereum users have been paying more to move funds on their network than Bitcoin users.


Technical analysis:
BTC has been downwards, extacly what I expected yesterday.Due to confirmed breakout of the Pitchfork upward channel , I still see further downside movement towards the level at $8,890


Trading recommendation:
Watch for sellling opportunities on the rallies using the intraday frames like 15/30 minutes with the target at $8,890.

There is clear breakout of the upward trendline and Pitchfork upside channel, which is good indication for further downside movement.



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Performed by Petar Jacimovic
Analytical expert
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