FX.co ★ BTC analysis for March 22,.2021 - Another downside wave in the play for potential test of $52.000

Further Development

Analyzing the current trading chart of BTC, I found that there is consolidation at the price of $57,750 but still potential for another downside wave.

Based on the 4H time-frame , my advise is to watch for potential selling opportunities with the downside targets at $52,075 and $48,835.

There is strong supply in the background, which is sign that supply is still present...

Key Levels:

Resistance: $60,000

Support level: $52,075 and $48,835.