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.
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.
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.