FX.co ★ BTC/USD Analysis for March 01, 2022 - Key pivot resistance at the price of $45.000 on test

Trading reccomendation:

Based on the H4 time-frame, I found that there is important pivot resistance on the test at $45.000. Watch carefully price action around this key pivot to defined further direction.

If the BTC rejects from the resistance at $45.000, there is potential for rotation downside towards $42.800 and $40.140

If the BTC breaks the resistancec level at $45.000, watch for upside continuational patterns for further rise towards $51.900