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FX.co ★ BTC analysis for March 16,.2021 - Sellers in control and potential for the downside movement towards $47.250

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Forex Analysis

2021-03-16T12:19:01
iconRelevance until2021-03-17

BTC analysis for March 16,.2021 - Sellers in control and potential for the downside movement towards $47.250

Further Development

BTC analysis for March 16,.2021 - Sellers in control and potential for the downside movement towards $47.250

Analyzing the current trading chart of BTC, I found that sellers are in control as I expected yesterday. The selling opportunities are still preferable under this condition.

Key Levels:

Resistance: $61,000

Support levels: $52,240 and $47,265

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