BTC analysis for October 13,.2021 - Firsrt objective reached and potential for another drop towards $52.000

Technical analysis: BTC has been trading downside as I expected. The price reached first objective at $54,000 but there is potential another downside swing. Trading recommendation: My advice is to watch for selling opportunities on the rallies with the next downside targets at $53,600 and $52,000. Downside targets are set at the price of $53,600 and $52,000 Resistance is set at $56,500The material has been provided by InstaForex Company - www.instaforex.com

BTC analysis for October 13,.2021 - Firsrt objective reached and potential for another drop towards $52.000

Technical analysis:

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BTC has been trading downside as I expected. The price reached first objective at $54,000 but there is potential another downside swing.

Trading recommendation:

My advice is to watch for selling opportunities on the rallies with the next downside targets at $53,600 and $52,000.

Downside targets are set at the price of $53,600 and $52,000

Resistance is set at $56,500

The material has been provided by InstaForex Company - www.instaforex.com