Main Quotes Calendar Forum
flag

FX.co ★ BTC update for March 04,.2022 - Potential for the downside continuation

parent
Forex Analysis:::2022-03-04T13:04:55

BTC update for March 04,.2022 - Potential for the downside continuation

Technical analysis:

BTC update for March 04,.2022 - Potential for the downside continuation

BTC has been trading sideways in last 24 hours but I see potential for the downside continuation due to the topping activity from yesterday.

Trading recommendation:

Due to rounding top reversal in the background, I see potential for the downside movement.

Watch for potential selling opportunities in case of the downside breakout of the support at $41,000.

Downside objectives are set at the price of $39,815 and $38,135

Key resistance is set at the price of $42,700

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...