FX.co - BTC analysis for October 15,.2021 - Key resistance zone at $60.000 on the test

2021-10-15T12:04:50

Relevance until2021-10-16

Technical analysis:

BTC analysis for October 15,.2021 - Key resistance zone at $60.000 on the test

BTC has been trading into the very important resistance cluster at $60,000. Watch for potential downside rotation.

Trading recommendation:

Due to test of major resistance cluster at $60,000, my advice is to watch for potential divergence in momentum and downside rotation towards $53,000

Stochastic oscillator is showing overbought condition and potential for the downside rotation.

Main resistance is set at $65,000

*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 15,.2021 - Key resistance zone at $60.000 on the test