FX.co ★ BTC analysis for December 23,.2021 - Upside continuation in the play

Technical analysis:

BTC is in process of the upside continuation. There is potential for the bullish continuation towards upside references.

Trading recommendation:

Due to upsidee cycle on BTC and potential for the upside continuation, watch for potential buying opportunities on the intraday dips.

Upside objectives are set at $49,540 and $50,700

Based on the 4H time-frame, there is rejection of the rising 20-period moving average

Stochastic oscillator is showing bear mode but with no price action confirmation.