FX.co - BTC analysis for March 08,.2021 - Rejection of the key resistance pivot at $51.700 and potential for the downside movement towrads $47.000

2021-03-08T12:42:38

Relevance until2021-03-10

Further Development

BTC analysis for March 08,.2021 - Rejection of the key resistance pivot at $51.700 and potential for the downside movement towrads $47.000

Analyzing the current trading chart of BTC, I found that BTC is testing major pivot resistance at the price of $51,700.

My advice is still to watch for selling opportunities with the downside targets at the price of $47,060 and $43,040.

Key Levels:

Resistance: $51,700

Support levels:$47,060 and $43,04

*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 March 08,.2021 - Rejection of the key resistance pivot at $51.700 and potential for the downside movement towrads $47.000