BTC analysis for August 17,.2021 - Key pivot at $48.000 on the test

Technical analysis:

BTC has been trading sideways at the price of $47,000. Watch for the breakout of critical pivot at the price of $48,000.

Trading recommendation:

Rejection of the critical pivot at $48,000 can confirm downside rotation towards $43,760

Breakout of the pivot at $48,000 to the upside can confirm test of $50,000

Watch for the breakout