FX.co ★ BTC analysis for November 05,.2020 - Median Pitchfork line will be important resistance for BTC

Further Development

Analyzing the current trading chart of BTC, I found that the buyers are in control today and that there is no sign fo any reversal yet.

Anyway, based on the weekly time-frame, I found that BTC is approaching the important pivot resistance level at $15,300 and that you should watch carefully for the price action around it cause that is Median Pitchfork line.

Another resistance is set at $16,660

Key Levels:

Resistance: $15,300 and 16,660

Support levels: $13,850