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10.12.202115:14 Forex Analysis & Reviews: BTC analysis for December 10,.2021 - Rejection of key support

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Technical analysis:

Exchange Rates 10.12.2021 analysis

BTC/USD has been trading downside as I expected and the price reached my first downside target at $47,320. Anyway, there is chance for upside rotation due to rejection from support....

Trading recommendation:

Watch for buying opportunities due to rejection of key support.

Upside target is set at $50,900

Stochastic is showing fresh bear cross but no extreme condition....

Key support is set at the price of $47,325

Petar Jacimovic
Analytical expert of InstaForex
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