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The Bitcoin BTC is trading under bearish pressure below the 21 SMA, and is being sustained above the 200 EMA located at 53.122. preventing a change of scenery.

We also notice a downtrend channel, which is prevailing. and we could expect a break of the level of 53,000 and expect a fall to the 8/8 area of murray and the Piscological level of 50,000.

Our recommendation is to sell below the SMA of 21 located at 57,000 and below the 56,250 +1/8 of murray.

Support And Resistance Levels For March 19 – 22, 2021

Resistance (1) $57,323

Resistance (2) $58,226

Resistance (3) $59,366

Support (1) $53,981

Support (2) $52,976

Support (3) $51,441

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

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