FX.co ★ BTC analysis for December 10,.2021 - Rejection of key support

Technical analysis:

BTC/USD has been trading downside as I expected and the price reached my first downside target at $47,320. Anyway, there is chance for upside rotation due to rejection from support....

Trading recommendation:

Watch for buying opportunities due to rejection of key support.

Upside target is set at $50,900

Stochastic is showing fresh bear cross but no extreme condition....

Key support is set at the price of $47,325