FX.co - BTC analysis for April 12,.2021 - TMajor resistance at the price of $61.000 on the test. Potential for the downside rotation

2021-04-12T12:29:32

Relevance until2021-04-14

BTC analysis for April 12,.2021 - TMajor resistance at the price of $61.000 on the test. Potential for the downside rotation

Further Development

Analyzing the current trading chart of BTC, I found that BTC is testing the important pivot swing at $61.150 and that there is potential for the downside rotation.

My advice is to watch for selling opportunities and the downside rotation towards the levels at $58.000 and $55.560..

Stochastic oscillator is showing bearish divergence and potential for the downside movement.

Key Levels:Resistance: $61.000Support level: $58.000 and $55.560..

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

#Crypto-currencies #USD

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2024

FX.co ★ BTC analysis for April 12,.2021 - TMajor resistance at the price of $61.000 on the test. Potential for the downside rotation

Forex Analysis

BTC analysis for April 12,.2021 - TMajor resistance at the price of $61.000 on the test. Potential for the downside rotation