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FX.co ★ BTC analysis for March 31,.2021 - Broken bullish channel and potential for the drop towards $51.000

BTC analysis for March 31,.2021 - Broken bullish channel and potential for the drop towards $51.000

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BTC analysis for March 31,.2021 - Broken bullish channel and potential for the drop towards $51.000

Analyzing the current trading chart BTC, I found that there is the strong rejection of the major resistance at $60.000.

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My advice is still to focus on the selling opportunities due to the breakout of the rising channel and strong supply.

The downside targets are set at the price of $55.000 and $51.000

Stochastic oscillator is showing triple bearish divergence, which is good sign for further downside movement...

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