FX.co - BTC analysis for December 09,.2021 - Downside continuation in the play

2021-12-09T12:52:03

Relevance until2021-12-10

Technical analysis:

BTC analysis for December 09,.2021 - Downside continuation in the play

BTC has been trading downside as like I expected. There is potential for the downside movement towards next support levels.

Trading recommendation:

Due to strong downside cycle in the background ,I see potential for the downside continuation towards next reference points.

Watch for selling opportunities on the rallies with the downside objectives at $47,285 and $42,200.

Key resistance is set at the price of $52,000

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

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for December 09,.2021 - Downside continuation in the play