FX.co ★ BTC analysis for 04.24.2020 - Strong reistance at the price of $7.800 is on the test. Watch for potential downside rotation

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Technical analysis:

BTC has been trading upwards. The price is tested and rejected of the strong resistance at the level of $7,800. My advice is to watch for potential downside rotation towards the levels at $6,750 and $6,500.

Trading recommendation:

Watch for selling opportunities at the strong resistance zone around $8,000 mark. Any bear divergence or reversal pattern on the 60 minute time frame or 4H time-frame may confirm downside rotation.

Downward targets are set at the price of $6,750 and $6,500.

Resistance levels are set at the price of $7,800-$8,000

Support level is set at 6,750 and $6,500.