FX.co - BTC analysis for February 03,.2021 - Possible downside movement towrads $32.375

2021-02-03T12:44:15

Relevance until2021-02-04

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BTC analysis for February 03,.2021 - Possible downside movement towrads $32.375

Analyzing the current trading chart of BTC, I found that there is still potential for the downside movement due to overbought condition.

My advice is to watch for selling opportunities with the downside targets at the price of $32,375 and $29,565.

Key Levels:

Resistance: $38,400

Support levels: $32,375 and $29,565.

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

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for February 03,.2021 - Possible downside movement towrads $32.375