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FX.co ★ BTC analysis for August 16,.2021 - Watch for the breakout

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Crypto Analysis:::2021-08-16T11:46:51

BTC analysis for August 16,.2021 - Watch for the breakout

Technical analysis:

BTC analysis for August 16,.2021 - Watch for the breakout

BTC has been trading uat the critical pivot level $48,000. Watch carefully for the price action around this critical pivot.

Trading recommendation:

Upside breakout of the resistance at $48,000 can confirm test of $50,250

Downside breakout of the support at $45,600 can confirm test of $43,760

Stochastic is showing extreme condition and potential for the downside rotation....

Analyst InstaForex
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