FX.co - BTC analysis for April 20,.2021 - Upside movement is expected towards the $57.800 and $60.150

2021-04-20T11:20:38

Relevance until2021-04-21

Further Development

BTC analysis for April 20,.2021 - Upside movement is expected towards the $57.800 and $60.150

Analyzing the current trading chart of BTC, I found that BTC is in the upside correction and that there is still space for further rally.

My advice is to watch for buying opportunities with the potential upside targets at $57.800 and $60.160.

Additionally, Stochastic got the fresh bull cross, which is another sign for the further upside movement.

Key support level is set at $53.500

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

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for April 20,.2021 - Upside movement is expected towards the $57.800 and $60.150