Further Development
Analyzing the current trading chart of BTC, I found that there is the breakout of the symmetrical triangle on the 4H time-frame, which is sign that there is potential for furhter downside.
Watch for selling opportunities with the downside targets at $43,245 and $40,635.
Stochastic oscillator showing overbought condition and the bearish divergence, which is another sign for further downside movement.
Key Levels:
Resistance: $48,000
Support levels: 43,245 and $40,635.
