Analytical Look At Bitcoin, A Cryptocurrency With Bearish Potential

In The Coming Days Will Be The Final Consolidation Of Bitcoin

Technical analysis:

Exchange Rates 14.09.2022 analysis

BTC has been trading downside as I expected. The price reached first objective at the price of $21.235 but I see potential for further downside movement towards next reference points.

Trading recommendation:

BTC is trading flat this morning but I found potential bear flag pattern, which can be very good sign for further downside movement.

Watch for the selling opportunities with the downside objectives at the price of $19.590 and $18.500.

Stochatic oscillator is showing fresh downside cross from the overbought zone, which can be good sign for the further downside continuation.

Key resistance is set at the price of $22.600

Earn on cryptocurrency rate changes with InstaForex

Download MetaTrader 4 and open your first trade

Relevance up to 08:00 2022-09-15 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Read more:

In The Coming Days Will Be The Final Consolidation Of Bitcoin

InstaForex Analysis

Instant Trading EU Ltd. is the CFD broker operating under the brand, regulated by CySec with license number 266/15.

Besides CySEC, Instant Trading EU Ltd. is also supervised by the Czech National Bank (CNB), the Slovak National Bank (SNB), and the Polish Financial Supervision Authority (KNF). has branches in the Czech Republic, Slovakia, and Poland, where it provides support in local languages. is a member of the Investor Compensation Fund (I.C.F) which is an additional security for the client's funds. offers access to around 2,500 instruments (CFDs in Stocks, ETFs, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Stocks) and the MT4 and MT5 platforms,trading accounts in EUR, USD, PLN, CZK, GBP.

More information at:


Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.82%. of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.