BTC analysis for April 12,.2021 - TMajor resistance at the price of $61.000 on the test. Potential for the downside rotation

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Further Development

Analyzing the current trading chart of BTC, I found that BTC is testing the important pivot swing at $61.150 and that there is potential for the downside rotation.

My advice is to watch for selling opportunities and the downside rotation towards the levels at $58.000 and $55.560..

Stochastic oscillator is showing bearish divergence and potential for the downside movement.


Key Levels:

Resistance: $61.000

Support level: $58.000 and $55.560



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Petar Jacimovic
Analytical expert
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