30.12.202114:46 Forex Analysis & Reviews: BTC analysis for December 30,.2021 - Key pivot level at $48.065

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:

BTC has been trading upside today but there is important resistance at the price of $48,063.

Trading recommendation:

Watch carefully price action around key pivot level at $48,063 to confirm further direction.

Upside breakout with good momentum can confirm further test of $48,960

Rejection of the key pivot at $48,063 can confirm downside rotation towards $45,920

Stochastic is showing bull condition but with fast line on the overbought condition.

Back to the list

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