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
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