BTC/USD - Bitcoin Price update for June 27,.2022 - Potential for the drop due to broken rising wedge

The Developments In The Crypto Sector Made It Into The Record Books (The Guinness World Records)

Relevance up to 13:00 2022-06-28 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.

Technical analysis:

BTC has been trading upside in the background but I see potential for the downside rotation. Trading recommendation: Due to the broken rising wedge pattern in the background and overbought condition, I see potential for the further drop. Watch for potential selling opportunities with the downside objectives at $20.900 and $20.000. Stochastic oscillator is showing fresh bear cross and overbought condition, which is sign for the downside rotation. Key resistance is set at the price of $21.850



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The Developments In The Crypto Sector Made It Into The Record Books (The Guinness World Records)

InstaForex Analysis

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