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FX.co ★ BTC analysis for March 08,.2021 - Rejection of the key resistance pivot at $51.700 and potential for the downside movement towrads $47.000

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Crypto Analysis:::2021-03-08T12:42:38

BTC analysis for March 08,.2021 - Rejection of the key resistance pivot at $51.700 and potential for the downside movement towrads $47.000

Further Development

BTC analysis for March 08,.2021 - Rejection of the key resistance pivot at $51.700 and potential for the downside movement towrads $47.000

Analyzing the current trading chart of BTC, I found that BTC is testing major pivot resistance at the price of $51,700.

My advice is still to watch for selling opportunities with the downside targets at the price of $47,060 and $43,040.

Key Levels:

Resistance: $51,700

Support levels:$47,060 and $43,04

Analyst InstaForex
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