FX.co - BTC analysis for October 01,.2021 - Key resistance on the test

2021-10-01T13:01:19

Relevance until2021-10-02

Technical analysis:

BTC analysis for October 01,.2021 - Key resistance on the test

BTC has been trading upside but there is important pivot set at $48,300.

Trading recommendation:

Watch carefully for the price action around important pivot at $48,300.

Rejection of the pivot at $48,250 might produce downside movement towards $45,200

Upside breakout of resistance at $48,300 can bring movement towards $52,250

*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 October 01,.2021 - Key resistance on the test