FX.co - BTC analysis for December 15,.2021 - Potetnial for rally towards upper references

2021-12-15T12:50:02

Relevance until2021-12-16

Technical analysis:

BTC analysis for December 15,.2021 - Potetnial for rally towards upper references

BTC/USD has been trading upside as I expected but there is still potetnial for another rally towards upper rererences.

Trading recommendation:

Due to rejection of key support at $46,000, I see potential for another rally towards upper references.

Watch for buying opportunities towards upper reference points at $50,450 and $51,800

Stochastic is showing fbull regime, which is another sign and confirmation for the upside movement.

Support level is set at the price of $46,000

*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 15,.2021 - Potetnial for rally towards upper references