BTC analysis for October 25,.2021 - Potential for the downside continuation

Technical Analysis:

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BTC has been trading upside in last 24 hours but I see potential exhaustion and downside rotation towards $62,000.


Trading recommendation:
Due to test of the Pitchfork middle lane nad exhaustion in momentum, I see potential for the downside movement towards $62,000.

Watch for swelling opportunities with the downside target at $62,000.

Stochastic oscillator is showing bear divergence and potential for the drop....

Key resistance is set at the price of $63,400



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Petar Jacimovic
Analytical expert of InstaForex
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