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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

BITCOIN 25.03.2021

Technical Analysis
Thursday, March 25, 2021 - 13:43
Point Trader Group
BITCOIN 25.03.2021

Overview:

Prices are moving in a short term downtrend

Expected:

We note on the chart that the pair is trading below a strong resistance level around 53054, which enhances the chances of a drop to 49222

Alternative Scenario: 

On the other hand, we think that if the level of 53054 was broken to the upside, this pair might push further to the upside, reaching 55000.

 

Resistance53054.7755000.0055450.55
Support49222.0049000.0048564.25

 

 

*Risk Disclaimer: 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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