FX.co ★ BTC analysis for 04.22.2020 - Resistance at the price of $7.000 is on the test. Watch for potential downside rotation

Corona virus summary:

Trump lays out parts of US immigration ban

60-day ban on immigrants

Technical analysis:

BTC has been trading upwards. The price tested the level of $6,960. In my opinion BTC is at the important resistance trend-line and that sellers opportunities are preferable. I see potential for the further drop towards the levels at $6,550 and $6,465.

Watch for selling opportunities using the intraday frames 15/30 minutes for better entry. Any downside rotation or bearish divergence in the momentum may be the good trigger for the downside.

Support level is set at the price of $6,750.