FX.co - BTC analysis for April 23,.2021 - First downside target at the price of $49.000 has been reached. Next downside target set at $44.000

2021-04-23T11:21:39

Relevance until2021-04-25

Further Development

BTC analysis for April 23,.2021 - First downside target at the price of $49.000 has been reached. Next downside target set at $44.000

Analyzing the current trading chart of BTC, I found that BTC reached my first downside target from yesterday at the price of $49.000.

There is potential; for the upside correction but still see potential for the downside continuation towards $44.000..

Watch for the end of the upside correction for further downside opportunities with the downside target at $43.740.

Key Levels:

Resistance: $50.000Support levels: $43.740

*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 23,.2021 - First downside target at the price of $49.000 has been reached. Next downside target set at $44.000