FX.co - BTC analysis for April 29,.2021 - Lower low and potential for bigger sell off towards $52.600 and $47.550

2021-04-29T11:27:58

Relevance until2021-04-30

BTC analysis for April 29,.2021 - Lower low and potential for bigger sell off towards $52.600 and $47.550

Further Development

BTC analysis for April 29,.2021 - Lower low and potential for bigger sell off towards $52.600 and $47.550

Analyzing the current trading chart of BTC, I found that there is potential for the downside continuation based on the strong downside swin in the background.

My advice is to watch for selling opportunities with the downside targets at $52.600 and $47.550.

Additionally, there is the rejection of the Middle Bollinger band, which is good sign for the downside continuation.

Key Levels:

Resistance: $56.700Support levels: $52.600 and $47.550

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Technical analysis #Bitcoin #Bitcoin Cash #BTCUSD #BCHUSD

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2024

FX.co ★ BTC analysis for April 29,.2021 - Lower low and potential for bigger sell off towards $52.600 and $47.550

Forex Analysis

BTC analysis for April 29,.2021 - Lower low and potential for bigger sell off towards $52.600 and $47.550