FX.co ★ BTC analysis for December 22,.2020 - Rejection of the main pivbot at $23.400 and potential for rise towards $24.125

Further Development

Analyzing the current trading chart of BTC, I found that there was the selling climax from yesterday and successful test on lower volume, which is sign for the further rise.

My advice is to watch for buying opportunities with the upside target at $21,122

The trend still bullish with no evidence of any reversal yet...

Additionally, there was the hidden divergence on the Stochastic oscillator, which is good confirmation for the rise...

Key Levels:

Resistance: $24,125

Support level: $23,400