07.12.202310:14 Forex Analysis & Reviews: BTC update for December 07, 2023 - Sideways condiiton and potential for the breakout mode

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Technical analysis:

BTC/USD has been trading sideways at the price of $43.850 and there is potential for the breakout mode.

In case of the upside breakout of the resistance at the price of $44.500, there is the chance for the rally towards $45.600

In case of the downside breakout of the support at $43.400, there is the chance for the further drop towards $42.500

RSI oscillator is showing neutral position around the 50 level, which is sign of the indecision.

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