BTC analysis for December 09,.2020 - Completion of the ABC downside correction and possibility for test of $19.500

Further Development

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Analyzing the current trading chart of BTCI found that there is potential for the another upside movement due to potential for the completion of the downside correction ABC.

Watch for buying opportunities with the targets at $19,520 and $19,900

Stochastic oscillator is in oversold area which is another confirmation for further upside movement.


Key Levels:

Resistance: $19,520

Support level: $17,500


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Performed by Petar Jacimovic
Analytical expert
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