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FX.co ★ BTCUSD, D1 | Major Bearish Reversal

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Forex Analysis:::2023-03-14T05:37:49

BTCUSD, D1 | Major Bearish Reversal

Price is now testing a major resistance level at 1674 which is a multi-swing high resistance. A reversal from here could push prices down to 1357 which is an overlap support and a 61.8% Fibonacci retracement.

In terms of stop loss, we're looking at 1810 which is a recent swing high resistance. Stochastic is also close to a major resistance level too.

BTCUSD, D1 | Major Bearish Reversal

Analyst InstaForex
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