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

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Forex Analysis

14 December 2023 at 8:19AM (UTC+0)
iconRelevance until15 December 2023 at 8:19AM (UTC+0)

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.

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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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