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FX.co ★ BTC analysis for December 18,.2020 - Potential for second downside leg towardds the $22.375

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Forex Analysis

18 December 2020 at 12:48PM (UTC+0)
iconRelevance until20 December 2020 at 12:48PM (UTC+0)

BTC analysis for December 18,.2020 - Potential for second downside leg towardds the $22.375

Further Development

BTC analysis for December 18,.2020 - Potential for second downside leg towardds the $22.375

Analyzing the current trading chart of BTC, I found that there is consolidation going on and that there is potential for the downside rotation and correction due to big standard deviation move from few days ago.

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Key Levels:

Resistance: $23,300

Support level: $22,373 and $21,828.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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