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FX.co ★ BTC analysis for November 20.2020 - Upside target reached but potential for the downside rotation towards $17.500

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Forex Analysis:::2020-11-20T13:03:18

BTC analysis for November 20.2020 - Upside target reached but potential for the downside rotation towards $17.500

Further Development

analytics5fb7be6bb66d1.jpg

Analyzing the current trading chart of BTC, I found that the BTC reached my upside breakout target at $18,400. Anyway, I see in last few hours that BTC is trading sideways and I woudl watch for potential breakout to confirm further downside movement.

Key Levels:

Resistance: $18,400

Support level: $17,750 and $17,38

Analyst InstaForex
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