FX.co - BTC analysis for April 16,.2021 - Second downside target at the price of $60.100 has been reached. Potential for the rally today

16 April 2021 at 11:55AM (UTC+0)

Relevance until16 April 2021 at 5:55PM (UTC+0)

Further Development

BTC analysis for April 16,.2021 - Second downside target at the price of $60.100 has been reached. Potential for the rally today

Analyzing the current trading chart of BTC, I found that the BTC reached my second target from yesterday at the price of $60.100.

Watch for intraday long opportunities due to oversold condition....

Additionally, Stochastic oscillator is showing oversold condition...

*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 16,.2021 - Second downside target at the price of $60.100 has been reached. Potential for the rally today