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FX.co ★ BTC analysis for August 10,.2021 - Key resistance at the price of $42.700 on the test

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Crypto Analysis:::2021-08-10T11:40:36

BTC analysis for August 10,.2021 - Key resistance at the price of $42.700 on the test

Technical analysis:

BTC analysis for August 10,.2021 - Key resistance at the price of $42.700 on the test

BTCis testing key pivot resistance at the price of $47,000. I see potential for the downside rotation.

Trading recommendation:

Watch for selling opportunities around key pivot at $47,000 with the downside target at the price of $42,185.

Stochastic is showing bearish divergence and the overbought condition, which is another sign for the downside rotation....

Analyst InstaForex
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