Analyzing the current trading chart of BTC, I found that there was strong rally this morning and that price tested the level of $53.400.
Anyway, I found that there is the intraday extreme condition and the both RSI readings are into extreme, which is good condition for potential downside.
My advice is to watch for potential selling opportunities with the downside target at $51.712.Key Levels:Resistance: $54.230 and $55.000Support level: $51.712
The material has been provided by InstaForex Company – www.instaforex.com
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