FX.co - BTC analysis for December 30,.2021 - Key pivot level at $48.065

2021-12-30T12:46:34

Relevance until2021-12-31

Technical analysis:

BTC analysis for December 30,.2021 - Key pivot level at $48.065

BTC has been trading upside today but there is important resistance at the price of $48,063.

Trading recommendation:

Watch carefully price action around key pivot level at $48,063 to confirm further direction.

Upside breakout with good momentum can confirm further test of $48,960

Rejection of the key pivot at $48,063 can confirm downside rotation towards $45,920

Stochastic is showing bull condition but with fast line on the overbought condition.

*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 30,.2021 - Key pivot level at $48.065