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15.10.2021 02:04 PM
BTC analysis for October 15,.2021 - Key resistance zone at $60.000 on the test

Technical analysis:

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BTC has been trading into the very important resistance cluster at $60,000. Watch for potential downside rotation.

Trading recommendation:

Due to test of major resistance cluster at $60,000, my advice is to watch for potential divergence in momentum and downside rotation towards $53,000

Stochastic oscillator is showing overbought condition and potential for the downside rotation.

Main resistance is set at $65,000

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