BTC is approaching major bear zone at $48,000-49,780. Downside opportunities are preferable from the bear zone.
Watch for selling opportunities due to buying key bear zone in the background.
Downside targets are set at $45,000 and $43,400
Stochastic is not swing any signs for reversal yet but watch for the eventual divergence.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.