Further Development

analytics5fc635072798c.jpg

Analyzing the current trading chart of BTC, I found that the price is trading sideways at the important pivot level at $19,500.

My advice is to watch carefully the price action around key pivot at $19,500.

The downside movement and strong momentum can lead us for test of $17,500

The upside breakout of the the key pivot at $19,500 can lead us for test of $20,800.

Key Pivot: $19,500

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

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.