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FX.co ★ BTC update for November 28,.2022 - Potential for further drop

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Crypto Analysis:::2022-11-28T07:58:57

BTC update for November 28,.2022 - Potential for further drop

Technical analysis:

BTC update for November 28,.2022 - Potential for further drop

BTC/USD has been trading downside this morning and I found breakout of the key support at the price of $16.320.

Trading recommendation:

Due to the breakout of the key support in the background, I see potential for the downside movement.

Watch for the potential selling opportunities on the rallies with the downside objectives at $16.000 and $15.275.

MACD oscillator is showing downside reading, which is sign that sellers are in control.

Key resistance is set at the price of $16.380

Analyst InstaForex
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