Title: BTCUSD is facing bearish pressure | 14th Sep 2021

Type: Bearish Reversal

Preference:

Price is expected to fall from the pivot level (in line with 23.6% Fibonacci retracement) towards the 1st support level in line with the 161.8% Fibonacci extension.

Our bearish bias is further supported by the 50period MA and Ichimoku cloud.

Alternative scenario:

Alternatively, price can push up towards the 1st resistance level in line with the 50% Fibonacci retracement.