BTC analysis for April 02,.2021 - Test of the major resistance at the price of $60.000 and potential for the downside rotation

Further Development

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Analyzing the current trading chart of BTC, I found that major resistance is on the tes at the $60.000t and that there is the chance for the downside rotation towards $54.925 and $51.000.

My advice is to watch for selling opportunities on the rallies with the downside target at $55.000.

Stochastic oscillator is overbought, which is another sign of weakness...

Additiaonlly, there is the breakout of the rising channel in the background....

Key Levels:

Resistance: $60.000Support level: $54.925 and $51.000.

The material has been provided by InstaForex Company - www.instaforex.com

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