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FX.co ★ BTC update for December 20, 2023 - Key resistance on the test

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Crypto Analysis:::2023-12-20T07:29:42

BTC update for December 20, 2023 - Key resistance on the test

Technical analysis:

BTC update for December 20, 2023 - Key resistance on the test

BTC/USD has been trading upside and the key resistance zone at the price of $43.450 is on the test.

In case of the rejection of the resistance at $43.450, there is the chance for the downside movement towards the lower level of consolidation at $40.270

In case of the upside breakout of the resistance at at $43.450 and hold above, there is the chance for the upside movement towards $44.700

RSI oscillator is showing upside reading around 60, which is good sign that buyers are in control.

Analyst InstaForex
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