FX.co - BTC analysis for August 24,.2021 - Potential for test of $53.000

2021-08-24T12:49:42

Relevance until2021-08-26

Technical analysis:

BTC analysis for August 24,.2021 - Potential for test of $53.000

BTC has been trading sideways at the price of $49,250 but there is potential for the test of important pivot at $53,000.

Trading recommendation:

Watch for buying opportunities on the pullbacks wit the upside target at $53,000.

Support level is set at the price of $48,000

Stochastic oscillator is showing overbought condition with bear cross but there is no price action to confirm.

*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 August 24,.2021 - Potential for test of $53.000