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FX.co ★ BTC analysis for August 17,.2021 - Key pivot at $48.000 on the test

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Forex Analysis:::2021-08-17T12:11:16

BTC analysis for August 17,.2021 - Key pivot at $48.000 on the test

Technical analysis:

BTC analysis for August 17,.2021 - Key pivot at $48.000 on the test

BTC has been trading sideways at the price of $47,000. Watch for the breakout of critical pivot at the price of $48,000.

Trading recommendation:

Rejection of the critical pivot at $48,000 can confirm downside rotation towards $43,760

Breakout of the pivot at $48,000 to the upside can confirm test of $50,000

Watch for the breakout

Analyst InstaForex
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