FX.co ★ BTC analysis for April 15,.2021 - Second downside leg in creation and potential for test of $60.100

Germany March final CPI +1.7% vs +1.7% y/y prelimLatest data released by Destatis - 15 April 2021HICP +2.0% vs +2.0% y/y prelimThe preliminary report can be found here. No change to the initial estimates as this reaffirms stronger price pressures seen last month, largely due to base effect adjustmentsFurther Development

Analyzing the current trading chart of BTC, I found that there is potential for the downside movement towards $61.350.

My advice is to watch for selling opportunities on the rallies with the downside targets at $61.357 and $60.100.Stochastic oscillator is showing fresh new cross.

Key Levels:Resistance: $63.500Support level: $61.350 and $60.100