BTC analysis for April 02,.2021 - Test of the major resistance at the price of $60.000 and potential for the downside rotation

Name: b-p-020421.jpg Views: 13 Size: 185.2 KB

Analyzing the current trading chart of BTC, I found that major resistance is on the tes at the $60.000t and that there is the chance for the downside rotation towards $54.925 and $51.000.

My advice is to watch for selling opportunities on the rallies with the downside target at $55.000.

Stochastic oscillator is overbought, which is another sign of weakness...

Additionally, there is the breakout of the rising channel in the background....


Key Levels:

Resistance: $60.000

Support level: $54.925 and $51.000.



Name: 44.png Views: 11 Size: 13.7 KB
Petar Jacimovic
Analytical expert
InstaForex Group © 2007-2021