Trading plan for Bitcoin for May 05, 2021

Technical outlook: Bitcoin reverses from our defined resistance zone around $58,000-59,000 levels yesterday. The crypto had dropped through $53,000 mark before finding support but managed to produce a bearish Evening Star candlestick pattern on the daily chart. This indicates a potential reversal lower and falls in-line with our projections at $41,000-43,000. Bitcoin has pulled off […]