FX.co ★ BTC update for December 21, 2023 - Key resistance on the test

Technical analysis:

BTC/USD has been trading upside and the price is testing key resistance zone $43.990-$44.750 and there is potetnial for the rejection or the further upside breakout.

In case of the upside breakout of the resistance at $44.700, there is the chance for the rally towards upside reference at $46.000

In case of the rejection of the resistance cluster, there is the chance for the downside movement towards lower reference at $41.600 and $40.000

RSI oscillator is showing reading around 60, which is sign that buyers are in control.