Crypto: BTC/USD On 31 Of August - Potential For The Downside Rotation

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Technical analysis:

BTC/USD has been trading sideways at the price of $20.300 and i see potential for the the downside rotation towards lower reference point.

Trading recommendation:

Due to the test and reject of the resistance at the price of $20.500, I see further downside movement.

Watch for potential selling opportunities on the intraday rallies with the downside objective at the price of $19.700.

Key resistance is set at the price of $20.500

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.

Source: Forex Analysis & Reviews: BTC update for August 31,.2022 - Potential for the downside rotation of the resistance

ByBit talks trading bots. What are they? How can they help?

InstaForex Analysis

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