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22.10.202114:45 Forex Analyse & Reviews: BTC analysis for October 22,.2021 - Potential for the downside cotninuation

Technical analysis:

Exchange Rates 22.10.2021 analysis

BTC has been trading upside but on very slow momentum, which is sign for potential exhaustion from buyers.

Trading recommendation:

Due to strong downside momentum in the background I see potential for the downside continuation in the next period.

Watch for selling opportunities on the rallies with the downside targets at the price of $62,000 and $61,150

Resistance is set at $64,000

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert of InstaForex
© 2007-2021
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