BTC analysis for December 21,.2020 - Rejection of the pivot level at $22.340

Technical Analysis

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BTC has been trading downwards today but the sellers found strong pivot level at $22,340, which is good sign that there is potential for the upside recovery.

The trend is still bullish and the support at the price of $22,340looks like the nice pivot level for further rise (previous swing lowon daily).

My advice is to watch for buying opportunities on the dips with the upside target at $24,050

Support level: $22,340

Resistance levels: 24,050



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Performed by Petar Jacimovic
Analytical expert
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