FX.co - BTC analysis for April 08,.2021 - Sellers in control and potential for the downside movement towards $50.750

2021-04-08T06:56:48

Relevance until2021-04-09

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BTC analysis for April 08,.2021 - Sellers in control and potential for the downside movement towards $50.750

Analyzing the current trading chart of BTC, I found that sellers are in control as I expected in my previous analysis.

I still expect lower price on BTC and potential test of the downside targets at $55.000 and $50.8000.

BTC is testing the previous swing low at $57.000, which is now acting like resistance....

*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 April 08,.2021 - Sellers in control and potential for the downside movement towards $50.750