Further Development

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Analyzing the current trading chart of BTC, I found that sellers took control over the buyers and that there is the breakout of the rising trend line.

My advice is still to watch for selling opportunities on the rallies with the downside targets at $55.000 and $51.000.

Stochastic oscillator is showing weakness and the bear cross is still active….

Key Levels:Resistance: $60.000Support levels: $55.000 and $51.000

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

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