BTC analysis for April 15,.2021 - Second downside leg in creation and potential for test of $60.100

Germany March final CPI +1.7% vs +1.7% y/y prelimLatest data released by Destatis - 15 April 2021HICP +2.0% vs +2.0% y/y prelimThe preliminary report can be found here. No change to the initial estimates as this reaffirms stronger price pressures seen last month, largely due to base effect adjustmentsFurther Development

Name: b-p-150421.jpg Views: 7 Size: 157.7 KB

Analyzing the current trading chart of BTC, I found that there is potential for the downside movement towards $61.350.

My advice is to watch for selling opportunities on the rallies with the downside targets at $61.357 and $60.100.Stochastic oscillator is showing fresh new cross.


Key Levels:

Resistance: $63.500

Support level: $61.350 and $60.100




Name: 44.png Views: 7 Size: 13.7 KB
Petar Jacimovic
Analytical expert
InstaForex Group © 2007-2021