FX.co - BTC analysis for November 25,.2020 - First downside target reached at $18.650 but potential for another re-test of that level due to upside exhaution .

2020-11-25T12:34:31

Relevance until2020-11-26

BTC analysis for November 25,.2020 - First downside target reached at $18.650 but potential for another re-test of that level due to upside exhaution .

Further Development

BTC analysis for November 25,.2020 - First downside target reached at $18.650 but potential for another re-test of that level due to upside exhaution .

Analyzing the current trading chart of Bitcoin, I found that BTC tested and rejected our first target from yesterday at $18,630.

I still see potential for the downside movement due to test and reject of resistance at $19,390.

Watch for selling opportunities on the rallies using the intraday chart...

The downside target at the price of $18,650

Stochastic oscillator is in overbought zone, which is another sign of weakness.

Key Levels:

Resistance: $19,390

Support level: $18,650

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Crypto-currencies #USD #Bitcoin #Bitcoin Cash

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2024

FX.co ★ BTC analysis for November 25,.2020 - First downside target reached at $18.650 but potential for another re-test of that level due to upside exhaution .

Forex Analysis

BTC analysis for November 25,.2020 - First downside target reached at $18.650 but potential for another re-test of that level due to upside exhaution .