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15.09.202113:54 Forex Analysis & Reviews: BTC analysis for September 15,.2021 - Key bear zone on the test

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

Exchange Rates 15.09.2021 analysis

BTC is approaching major bear zone at $48,000-49,780. Downside opportunities are preferable from the bear zone.

Trading recommendation:

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.

Petar Jacimovic
Analytical expert of InstaForex
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