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14.05.202113:41 Forex Analysis & Reviews: BTC analysis for May 14,.2021 - Downside continuation in the play

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Technical analysis:

Exchange Rates 14.05.2021 analysis

BTC has been trading sideways at the price of $50.000 but i still see potential for the downside continuation.

Trading recommendation:

Watch for potential selling opportunities with the downside targets at $45.335 and $43.075.

There is the big supply zone around $51.300.

Stochastic oscillator is showing overbought condition, which is another indication for the downside movement.

Petar Jacimovic
Analytical expert of InstaForex
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