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FX.co ★ BTC 12.26.2019 - Important Fibonacci confluence resistance is set at $7.305, watch for selling opportuntiies near this zone

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Crypto Analysis:::2019-12-26T13:47:10

BTC 12.26.2019 - Important Fibonacci confluence resistance is set at $7.305, watch for selling opportuntiies near this zone

Bitcoin has been trading sideways at the price of $7.192. I found multi-Fibonacci resistance pivot at the price of $7.305-$7.336, which is good zone for selling opportunities. I do expect down cycle and potential test of $7.075.

BTC 12.26.2019 - Important Fibonacci confluence resistance is set at $7.305, watch for selling opportuntiies near this zone

Stochastic oscillator is showing bull cross and my advice is to watch for fresh bear cross before you place sell order.

Resistance levels are seen at the price of $7.235 and $7.305

Support levels are set at $7.158 and $7.075 (main downward target)

Analyst InstaForex
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