17.12.202115:14 Forex Analysis & Reviews: BTC analysis for December 17,.2021 - Potential for another drop

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Technical analysis:

BTC has been trading downwards as I expected. The price is near the my main downside objective at the price of $46,645

Trading recommendation:

Due to downside momentum and consolidation near the support, there is chance for the downside movement.

Watch for selling opportunities with the downside objectives at $46,645 and $45,845

Stochastic oscillator is showing oversold condition but with fresh bear cross.

Key resistance is set at the price of $49,500

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