FX.co - BTC analysis for April 27,.2021 - Overbought condiiton and potential for the reversion to the mean towards $52.300

2021-04-27T12:05:58

Relevance until2021-04-28

Further Development

BTC analysis for April 27,.2021 - Overbought condiiton and potential for the reversion to the mean towards $52.300

Analyzing the current trading chart of BTC, I found that buyers are in control but that important resistance at the price of $52.300 is on the test.

Due to the overbought condition there is overall risk for the buyers and potential for the downside rotation.

Intraday advice will be to watch for bearish divergences and try to play for the reversion to the mean into the $53.750

*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 27,.2021 - Overbought condiiton and potential for the reversion to the mean towards $52.300