CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
empty
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Stay
Proceed
Open Account
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
For Traders
Analytical Reviews
Crypto-currencies

22.12.202310:10 Forex Analysis & Reviews: BTC update for December 22, 2023 - Rejection of the key resistance

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

Exchange Rates 22.12.2023 analysis

BTC/USD has been trading downside this morning and I found rejection of the key resistance zone at $44.000, which is sign for the potential downside movement.

Due to the rejection of the key resistance zone at $44.000 and bearish divergences on the RSI oscillator, I see potential for the further downside movement.

Downside objective is set at the price of $41.640 and $40.450

RSI oscillator is showing bearish divergences around 60 level, which is good sign for the further downside movement.

Petar Jacimovic
Analytical expert of InstaForex
© 2007-2025
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade



All Analytics
Wave analysis
EUR/USD Analysis – April 1: EU Inflation Continues to Fall The wave structure on the 4-hour EUR/USD chart risks evolving into a more complex formation. On September 25 of last year, a new bearish structure began to take shape, forming
Chin Zhao
20:05 2025-04-01 +02:00
1165
Wave analysis
Analysis for GBP/USD on April 1, 2025 The wave structure for GBP/USD remains somewhat ambiguous but generally manageable. Currently, there is a high probability of a long-term bearish trend formation. Wave 5 has taken on a convincing
Chin Zhao
20:00 2025-04-01 +02:00
1150
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin

Official partners of InstaForex

The future is coming - InstaForex and Dragon Racing
The team of Formula - E
Be always the first with InstaForex Loprais Team
Official participant of the Dakar rally
Team up with us -
win with InstaForex and Zvolen!
IIHF Continental Cup winner in 2005

Trading Instruments

The best instruments for successful online Forex trading
MetaTrader Trading Platform
Charts on-line
Forex Analysis
Forex Demo Account
Trader calculator
Forex Indicators

Top analytics

Relevance up to 04:00 UTC--4
USD/JPY. Analysis and Forecast
11:37 2025-04-01
Fundamental analysis
Relevance up to 03:00 UTC--4
GBP/USD. April 1. A Month of Sideways Movement and the Threat of New Tariffs
11:29 2025-04-01
Technical analysis
Relevance up to 22:00 UTC--4
GBP/USD Forecast for April 1, 2025
10:42 2025-04-01
Technical analysis
Relevance up to 22:00 UTC--4
EUR/USD Forecast for April 1, 2025
10:47 2025-04-01
Technical analysis
Relevance up to 04:00 UTC--4
Why tariffs may trigger rally instead of crash?
11:03 2025-04-01
Stock Markets
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Proceed
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget

Turn "Do Not Track" off

🍪 We use cookies

We may place cookies for analysis of our visitor data, to improve our website and measure advertising performance. Overall this data is used to provide a better website experience. More information

 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.