FX.co ★ BTC update for December 14,.2022 - Potential for bigger growth

Technical analysis:

BTC/USD has been trading upside as I expected and the price has reached the Fibonacci projection at $17.800. Anyway, there is still a lot of potential for the further rise towards main objective.

Trading recommendation:

Due to the strong upside pressure in the background and breakout of the key supply trend-line, I see potential for further growth towards the Pitchfork median line.

Watch for the potential buying opportunities with the upside objective at $21.350 and $22.400

MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.

Key support is set at the price of $16.725