FX.co ★ BTC analysis for April 09,.2021 - Test of major resistance and potential for downside rotation towrads $55.650

Further Development

Analyzing the current trading chart of BTC, I found that there is the test of the supply trend-line and potential for the rejection.

Watch for selling with downside targets at $55.645.

Additionally, there is the overbought condition on the Stochastic oscillator, which is another sign for further downside movement.Key Levels:Resistance: $60.000Support levels: $55.645