Forex Analysis & Reviews: BTC analysis for November 26,.2020 - Both downside targets reached at $17.528 and potential for further drop towards $15.825

Further Development

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Analyzing the current trading chart of BTC, I found that BTC reached both my yesterday's targets at $18,647 and $17,260.

Anyway, the momentum is very strong to the downside and my advice is still to watch for selling opportunities with the new downside targets at $15,825 and $15,150.

The main cause of the stronger downside movement was the lack of buyers and overbought/extended condition prior to the drop.


Key Levels:

Resistance: $17,570 and $18,00

Support levels: $ 15,825 and $15,150



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Performed by Petar Jacimovic
Analytical expert
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