BTC has been trading sideways at the price of $3.857. Anyway, in our opinion the upward correction came to an end (bearish flag completed), which is a sign that buying looks risky. We do expect more downside on the BTC. Key short-term support is set at the price of $3.611. Short -term resistance at the price of $3.930.
Trading recommendation: We are bearish on BTC from $3.854 with stop at $3.945. Profit target is set at the price of $3.611.
The material has been provided by InstaForex Company - www.instaforex.com
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