empty
 
 

18.06.202114:27 Forex Analysis & Reviews: BTC analysis for June 18,.2021 - First target reached at the price of $37.500. Potential for another downside wave.

Technical analysis:

Exchange Rates 18.06.2021 analysis

BTC has been trading downside as I expected. The price reached the first downside target at $37.500 and is heading towards second target at $35.000.

Trading recommendation:

Watch for potential selling opportunities on the rallies with the next downside target at $35.000.

Key resistance is set at $38.200

Stochastic oscillator is showing bullish stance but no extremes.....

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert
InstaForex Group © 2007-2021
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
Can't speak right now?
Ask your question in the chat.