FX.co ★ BTC analysis for November 12,.2020 - Potential exhastion from buyers and space for the downside rotation towards $15.000

Further Development

Analyzing the current trading chart of BTC, I found that there is potential for the downside rotation towards the $15,300 and $15,000

Based on the daily time-frame, I found that there is strong momentum on the breakout of the multi day balance high at $15,900, which is sign that this breaout might the fake one.

Watch for selling opportunities with the potential downside targets at $15,300 and $15,000

Resistance is set at the price of $16,00 (round number)