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FX.co ★ BTC update for December 12,.2022 - Potential for the upside rotation

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Forex Analysis

12 December 2022 at 9:09AM (UTC+0)
iconRelevance until13 December 2022 at 9:09AM (UTC+0)

BTC update for December 12,.2022 - Potential for the upside rotation

Technical analysis:

BTC update for December 12,.2022 - Potential for the upside rotation

BTC/USD has been trading downside this morning but I found strong intraday support at the price of $16.900 and I see potential for the further upside movement.

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Trading recommendation:

Due to the test and reject of the support, I see potential for the further upside movement.

Upside objective is set at the price of $17.100

Stochastic oscillator is showing oversold condition and potential for the upside rotation

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Analytical expert
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