FX.co - BTC analysis for February 17,.2021 - BTC is on the extended run and there is potential for the downside rotation

2021-02-17T12:31:05

Relevance until2021-02-19

Further Development

BTC analysis for February 17,.2021 - BTC is on the extended run and there is potential for the downside rotation

Analyzing the current trading chart of BTC, I found thatBTC is trading higher but that is on the extended run, which is sign that buying is risky.

Key Levels:

Resistance: $51,700

Support level: $46,600.

*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 17,.2021 - BTC is on the extended run and there is potential for the downside rotation