FX.co ★ BTC update for November 30, 2023 - Rejection fo the resistance

Technical analysis:

BTC/USD has been trading sideways at the price of $37.665 and I found rejection of the resistance at the price of $37.770, which is sign for the potential downside rotation.

Due to the rejection of the resistance in the background and divergence in the RSI, I see potential for the downside rotation towards lower reference.

Downside objectives are set at the price of $36.735 and $35.700

RSI oscillator is showing bearish divergence in the background, which is good sign for the downside rotation.

Key resistance is set at the price of $38.500