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FX.co ★ BTC analysis for December 17,.2021 - Potential for another drop

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Crypto Analysis:::2021-12-17T13:14:04

BTC analysis for December 17,.2021 - Potential for another drop

Technical analysis:

BTC analysis for December 17,.2021 - Potential for another drop

BTC has been trading downwards as I expected. The price is near the my main downside objective at the price of $46,645

Trading recommendation:

Due to downside momentum and consolidation near the support, there is chance for the downside movement.

Watch for selling opportunities with the downside objectives at $46,645 and $45,845

Stochastic oscillator is showing oversold condition but with fresh bear cross.

Key resistance is set at the price of $49,500

Analyst InstaForex
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