FX.co ★ BTC analysis for April 19,.2021 - First downside target reached at $50.000 but more potential for test of $43.000

Further Development

Analyzing the current trading chart of BTC, I found that BTC reached my second target at the price of $50.500 with strong downside momentum.

My advice is still to watch for potential selling opportunities on the rallies.

Lately, I found the bear flag pattern in creation, which is good indication for further downside continuation.

Downside targets are set at the price of $50.500 and $43.000.