FX.co ★ BTC analysis for November 26,.2021 - Downside pressure

Technical analysis:

BTC is trading downside with good momentum and there is still potential for the downside continuation.

Trading recommendation:

Due to strong downside movement and potential for the further drtop I see potential for the selling opportunities on the rallies.

Watch for selling opportunities on the rallies with the downside target at the price of $52,790.

Stochastic is showing is showing weekly bearish divergence, which is sign that there is potential fort further downside movement.

Resistance level is set at the price of $59,400