Technical analysis:
BTC has been trading upside but the key pivot at the price of $47,300 is near and there is potential for the rotation.
Trading recommendation:
Key level to watch is level at $47,350.
In case of the reversal pattern around thee key pivot at $47,350, I can see potential downside rotation towards $43,500
In case of the upside breakout of the $47,350 with good fallow trough, I can see upside towards $48,000-$48,500
The material has been provided by InstaForex Company - www.instaforex.com