BTC analysis for April 01,.2021 - Broken bullish channel and symmetrical triangle.Potential for the drop towards $51.000

Further Development

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Analyzing the current trading chart of BTC, I found that BTC got the breakout of the rising channel and the most recent symmetrical triangle, which is sign for further downside movement.

My advice is to watch for selling opportunities on the intraday rallies with the downside targets at $55.000 and $51.060.

Stochastic oscillator got the triple bearish divergence, which is another sign of weakness...



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Petar Jacimovic
Analytical expert
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