FX.co ★ Bitcoin analysis for February 25, 2019

BTC has been trading downwards. The price tested the level of $3.775. In the background, we found a fake breakout of the resistance at the price of $4.050. We also found a potential bearish flag in creation and our advice is to watch for selling opportunities. The key short-term support is set at the price of $3.610. Key short-term resistance is set at the price of $4.200.

Trading recommendation: We are looking for the breakout of the $3.775 to confirm further downward continuation. The downward target is set at the price of $3.610.