FX.co - BTC analysis for December 13,.2021 - Potential for another drop

2021-12-13T12:57:19

Relevance until2021-12-14

Technical analysis:

BTC analysis for December 13,.2021 - Potential for another drop

BTCUSD has been trading downside today and I see potential for the downside continuation due to strong down cycle in the background.

Trading recommendation:

Due to strong downside cycle in the background, watch for selling opportunities on the rallies.

Downside objectives are set at $46,900 and $42,490

Stochastic is showing sideways regime.

Resistance levels are set at $51,000

*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 13,.2021 - Potential for another drop