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FX.co ★ BTC update for December 14, 2023 - Potential for the further rally

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Forex Analysis

2023-12-14T08:19:42
iconRelevance until2023-12-15

BTC update for December 14, 2023 - Potential for the further rally

Technical analysis:

BTC update for December 14, 2023 - Potential for the further rally

BTC/USD has been trading upside after the FOMC yesterday and I see that buyers are still in control and there is the chance for the further rally.

Due to the strong upside momentum and the breakout of the triangle pattern in the background, I see potential for the further rally towards next upside reference.

Upside objective is set at the price of $44.100

RSI oscillator is showing upside reading above 60 with no major signs for the reversal.

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