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FX.co ★ BTC analysis for February 16,.2021 - Watch for potential downside rotation and test of $43.650

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Crypto Analysis:::2021-02-16T13:18:57

BTC analysis for February 16,.2021 - Watch for potential downside rotation and test of $43.650

Further Development

BTC analysis for February 16,.2021 - Watch for potential downside rotation and test of $43.650

Analyzing the current trading chart of BTC, I found that BTC is on the extended run and that is very exhausted around $50,000 level.

Key Levels

Resistance: $50,000

Support levels: $43,655 and $42,000.

Analyst InstaForex
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