BTC analysis for April 29,.2021 – Lower low and potential for bigger sell off towards $52.600 and $47.550

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BTC analysis for April 29,.2021 -  Lower low and potential for bigger sell off towards .600 and .550

BTC analysis for April 29,.2021 – Lower low and potential for bigger sell off towards $52.600 and $47.550

Further Development

BTC analysis for April 29,.2021 -  Lower low and potential for bigger sell off towards .600 and .550

Analyzing the current trading chart of BTC, I found that there is potential for the downside continuation based on the strong downside swin in the background.

My advice is to watch for selling opportunities with the downside targets at $52.600 and $47.550.

Additionally, there is the rejection of the Middle Bollinger band, which is good sign for the downside continuation.

Key Levels:

Resistance: $56.700Support levels: $52.600 and $47.550

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

Source : https://www.fx.co/forex_analysis/quickview/219321/