FX.co ★ BTC analysis for November 25,.2020 - First downside target reached at $18.650 but potential for another re-test of that level due to upside exhaution .

Further Development

Analyzing the current trading chart of Bitcoin, I found that BTC tested and rejected our first target from yesterday at $18,630.

I still see potential for the downside movement due to test and reject of resistance at $19,390.

Watch for selling opportunities on the rallies using the intraday chart...

The downside target at the price of $18,650

Stochastic oscillator is in overbought zone, which is another sign of weakness.

Key Levels:

Resistance: $19,390

Support level: $18,650