BTC analysis for November 16,.2020 - Breakout of the upside channel and potential for downside rotation towards $15.800

Further Development

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Analyzing the current trading chart of BTC, I found that there is the breakout of the rising trend channel in the background and potential for another downside cycle.

My advice is to watch for selling opportunities on the rallies with the downside targets at $15,800 and $14,860


Key Levels:

Resistance: $16,500

Support levels: $15,800 and $14,860


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Performed by Petar Jacimovic
Analytical expert
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