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12.12.202310:18 विदेशी मुद्रा विश्लेषण और समीक्षा: BTC update for December 12, 2023 - Potential for the further drop

Technical analysis:

Exchange Rates 12.12.2023 analysis

BTC/USD has been in the downside condition and I found potential for the further downside continuation.

Due to the downside momentum and the RSI negative reversal, I see potential for the further drop towards lower references.

Downside objectives are set at the price of $40.480 and $38.635

RSI oscillator is showing negative reversal and the reading around 50 level, whic is sign that we have downside pressure and trend.

Intraday resistance is set at the price of $42.500

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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