FX.co ★ BTC analysis for December 24,.2021 - Watch for potential pullback play

Technical analysis:

BTCUSD has been treading upside after the pullback as we expected. I see potential for further rise and potential test of $53,450

Trading recommendation:

Due to strong upside momentum in the background, I see potential for further rise.

My advice is to watch for buying opportunities on the pullbacks with the upside target at $53,458

Stochastic is in overbought area so BTC might need correction before another upside cycle.

Key support is set at the price of $48,000