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FX.co ★ BTC update for November 14, 2023 - Key pivot cluster resistance on the test

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Crypto Analysis:::2023-11-14T09:17:12

BTC update for November 14, 2023 - Key pivot cluster resistance on the test

Technical analysis:

BTC update for November 14, 2023 - Key pivot cluster resistance on the test

BTC/USD has been trading upside but I found test and reject of the key resistance cluster at $36.800, which is good sign for the further downside movement.

Due to the test and reject of the key resistance cluster, I see potential for the further downside movement towards lower references.

Downside objectives are set at $36.200 and $35.600

RSI oscillator is showing negative reversals, which is good sign for the further downside movement.

Analyst InstaForex
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