BTC analysis for December 13,.2021 - Potential for another drop

Technical Analysis:

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BTCUSD has been trading downside today and I see potential for the downside continuation due to strong down cycle in the background.


Trading recommendation:
Due to strong downside cycle in the background, watch for selling opportunities on the rallies.

Downside objectives are set at $46,900 and $42,490

Stochastic is showing sideways regime.

Resistance levels are set at $51,000





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Petar Jacimovic
Analytical expert of InstaForex
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