BTC analysis for May 15, 2020 – Rejection of the main pivot resistance at $10.000. Watch for potential downside movement

By | May 15, 2020
InstaForex
BTC analysis for May 15, 2020 - Rejection of the main pivot resistance at $10.000

Relevance up to 08:00 2020-05-17 UTC–5

Corona virus summary:

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threat of cutting ties

Technical analysis:

BTC has been trading downwards. As I expected yesterday,BTC traded downside and got solid rejection of the massive resistance at the price of $10,000. I still see potential for the downside towards the level of $8,140.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Petar Jacimovic,
Analytical expert
InstaForex Group © 2007-2020

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