FX.co - BTC analysis for March 25,.2021 - Strong selling pressure and potetnal for test of $47.500

2021-03-25T11:56:32

Relevance until2021-03-26

BTC analysis for March 25,.2021 - Strong selling pressure and potetnal for test of $47.500

Further Development

BTC analysis for March 25,.2021 - Strong selling pressure and potetnal for test of $47.500

Analyzing the current trading chart of BTC, I found that sellers entered stronlgy on the last rally as I warned yesterday, I still see downside movement towards $47.500.My advice is to watch for selling opportunities on the rallies with the downside target at the price of $47.500.I see no any sign of reversal, which is another indication for the further downside continuation.Key Levels:

Resistance: $53.150Support level: $47.500

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Crypto-currencies #Bitcoin #Bitcoin Cash #BTCUSD #BCHUSD

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2024

FX.co ★ BTC analysis for March 25,.2021 - Strong selling pressure and potetnal for test of $47.500

Forex Analysis

BTC analysis for March 25,.2021 - Strong selling pressure and potetnal for test of $47.500