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FX.co ★ BTC analysis for March 12,.2021 - Rejection of the key pivot resistance at $58.300 and potential for downside movement towards $52.300

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Crypto Analysis:::2021-03-12T13:05:56

BTC analysis for March 12,.2021 - Rejection of the key pivot resistance at $58.300 and potential for downside movement towards $52.300

Further Development

BTC analysis for March 12,.2021 - Rejection of the key pivot resistance at $58.300 and potential for downside movement towards $52.300

Analyzing the current trading chart of BTC, I found that BTC didn't break strong pivot resistance at the price of $58,300, which is sign of weakness.

Key Levels:

Resistance: $58,300

Support level: $52,30

Analyst InstaForex
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