BTC analysis for December 14,.2021 - Rejection of the key support

Technical Analysis:

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BTC has been rejected from key support zone at the price of $46,280 and I see potential for the upside rotation.


Trading recommendation:

Due to rejection of the support in the background, I see potential for the upside rotation towards upper extreme.

Watch for buying opportunities with the upside targets at the price o$50,350 and $51,845.

Stochastic is showing oversold condition and the fresh bull cross, which is sign for the further upside rotation.

Key support is set at the price of $46,280





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Petar Jacimovic
Analytical expert of InstaForex
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