20.06.202217:23 Forex Analysis & Reviews: BTC update for June 20,.2022 - Potential for the downside breakout of the channel

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Technical analysis:

BTC has been trading at the resistance pivot at $21.000. The trend is to the downside and there is defined upside channel. Breakout potential to the downside is the option.

Trading recommendation:

Due to strong downside trend in the background, I see potential for the downside continuation and potential breakout of the upside channel.

In case of the downside breakout of the channel, watch for selling opportunities with the downside objective at $18.000.

Stochastic is showing fresh bear cross in the background and the negative reading, which is good sign for further downside movement.

Key resistance is set at the price of $21.000

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