FX.co - BTC update for December 19,.2022 - Watch for the breakout of the sideways range

2022-12-19T09:05:12

Relevance until2022-12-20

Technical analysis:

BTC update for December 19,.2022 - Watch for the breakout of the sideways range

BTC/USD has been trading sideways at the price of $16.760, which is sign of the indecision . I see potential for the breakout play.

Trading recommendation:

In case of the upside breakout of the resistance at the $16.850, watch for buying opportunities with the upside objectives at $17.000 and $17.250

In case of the downside breakout of the support at $16.500, watch for selling opportunities with the downside objective at $16.100

*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 update for December 19,.2022 - Watch for the breakout of the sideways range