FX.co - BTC analysis for March 23,.2021 - First downside target has been reached at the price of $53.000. Potential for test of next downside target at $48.750

2021-03-23T12:51:15

Relevance until2021-03-24

BTC analysis for March 23,.2021 - First downside target has been reached at the price of $53.000. Potential for test of next downside target at $48.750

Further Development

BTC analysis for March 23,.2021 - First downside target has been reached at the price of $53.000. Potential for test of next downside target at $48.750

Analyzing the current trading chart of BTC, I found that sellers are in control today as I expected yesterday and that BTC reached our first yesterday's target at $53,000.

My advice is still to watch for selling opportunities on the rallies with the next downside target at the price of $48,750.

Key Levels:

Resistance: $58,000

Support level: $48,750

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

#Crypto-currencies #Bitcoin #Bitcoin Cash #BTCUSD #BCHUSD

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2025

FX.co ★ BTC analysis for March 23,.2021 - First downside target has been reached at the price of $53.000. Potential for test of next downside target at $48.750

Forex Analysis

BTC analysis for March 23,.2021 - First downside target has been reached at the price of $53.000. Potential for test of next downside target at $48.750