BITCOIN 01.04.2021

Technical Analysis
Thursday, April 01, 2021 - 15:55
Point Trader Group
BITCOIN 01.04.2021

Overview:

Prices are moving in a short-term uptrend

Expected scenario:

We note on the above chart that the pair is trading below a strong resistance level around 59400, which enhances the chances of a downside during today's trading to 58370.

Alternative scenario:

On the other hand, we believe that if the level of 59400 is broken to the upside, this pair might push further up to 60,000

 

Resistance

59400.00

60000.00

60396.00

Support

58370.00

58000.00

57600.00

 

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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