FX.co ★ BTC analysis for August 16,.2021 - Watch for the breakout

Technical analysis:

BTC has been trading uat the critical pivot level $48,000. Watch carefully for the price action around this critical pivot.

Trading recommendation:

Upside breakout of the resistance at $48,000 can confirm test of $50,250

Downside breakout of the support at $45,600 can confirm test of $43,760

Stochastic is showing extreme condition and potential for the downside rotation....