FX.co - BTC analysis for March 12,.2021 - Rejection of the key pivot resistance at $58.300 and potential for downside movement towards $52.300

2021-03-12T13:05:56

Relevance until2021-03-13

Further Development

BTC analysis for March 12,.2021 - Rejection of the key pivot resistance at $58.300 and potential for downside movement towards $52.300

Analyzing the current trading chart of BTC, I found that BTC didn't break strong pivot resistance at the price of $58,300, which is sign of weakness.

Key Levels:

Resistance: $58,300

Support level: $52,30

*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 12,.2021 - Rejection of the key pivot resistance at $58.300 and potential for downside movement towards $52.300