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FX.co ★ BTC update for December 13, 2023 - Potential for the further drop

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Crypto Analysis:::2023-12-13T09:10:12

BTC update for December 13, 2023 - Potential for the further drop

Technical analysis:

BTC update for December 13, 2023 - Potential for the further drop

BTC/USD has been trading sideways at the price of $41.200. I see potential for the breakout mode in the next period.

In case of the breakout of the support at $40.000 and hold below, there is the chance for the drop towards lower reference at $38.500

In case of the upside breakout of the resistance at $42.400, there is the chance for the rally towards $44.000

RSI oscillator is showing downside condition and potetnial for the further drop.

Analyst InstaForex
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