FX.co - BTC analysis for February 15,.2021 - Daily slope pattern and potentia for the downside movement towards $43.780

2021-02-15T12:26:18

Relevance until2021-02-17

Further Development

BTC analysis for February 15,.2021 - Daily slope pattern and potentia for the downside movement towards $43.780

Analyzing the current trading chart of BTC, I found that buyers got exhausted in last few days and that we got potential for the drop.

Watch for selling opportunities with the downside targets at the price of $43,675 and $42,100.

Stochastic is in overbought zone, which is another sign for the potential exhaustion on the BTC.

Key Levels:

Resistance: $50,000

Support level: $43,675 and $42,100.

*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 February 15,.2021 - Daily slope pattern and potentia for the downside movement towards $43.780