BTC analysis for December 06,.2021 - Potentilal for the downside continuation

Technical Analysis:

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BTC has been trading downside on Friday and see potential for another downside cycle.


Trading recommendation:
Due to strong selling in the background, I see potential for the downside continuation after the rally.

Watch for selling opportunities on the rallies with the downside objectives $46,485 and $42,150

Stochastic is showing neutral stance.

Resistance level is set at the price of $49,715





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Petar Jacimovic
Analytical expert of InstaForex
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