FX.co ★ BTC analysis for December 16,.2020 - First target at $19.900 has been reached and potential for second target at $21.200

Further Development

Analyzing the current trading chart of BTC, I found our major upside target at the price of $19,885 has been reached.

I still see further upside movement due to strong upside momentum and potential test of next upside target at $21,200 (Fibonacci expansion 100%).

Watch for buying opportunities on the dips with the upside target at $21,200.

Key Levels:

Resistance: $19,885 and $21,200

Support level: $19,000