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FX.co ★ BTC analysis for February 15,.2021 - Daily slope pattern and potentia for the downside movement towards $43.780

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Crypto Analysis:::2021-02-15T12:26:18

BTC analysis for February 15,.2021 - Daily slope pattern and potentia for the downside movement towards $43.780

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BTC analysis for February 15,.2021 - Daily slope pattern and potentia for the downside movement towards $43.780

Analyzing the current trading chart of BTC, I found that buyers got exhausted in last few days and that we got potential for the drop.

Watch for selling opportunities with the downside targets at the price of $43,675 and $42,100.

Stochastic is in overbought zone, which is another sign for the potential exhaustion on the BTC.

Key Levels:

Resistance: $50,000

Support level: $43,675 and $42,100.

Analyst InstaForex
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