FX.co - BTC analysis for February 16,.2021 - Watch for potential downside rotation and test of $43.650

2021-02-16T13:18:57

Relevance until2021-02-18

Further Development

BTC analysis for February 16,.2021 - Watch for potential downside rotation and test of $43.650

Analyzing the current trading chart of BTC, I found that BTC is on the extended run and that is very exhausted around $50,000 level.

Key Levels

Resistance: $50,000

Support levels: $43,655 and $42,000.

*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 16,.2021 - Watch for potential downside rotation and test of $43.650