FX.co ★ BTC 12.24.2019 - Daily anlaysis, rejection of the mulit pivot resistance at $7.650

Technical analysis on the Bitcoin:

According to the daily time-frame, BTC did test and reject of the main multi pivot resistance at the price of $7.650. Bitcoin filled the gap area to the downside and It confirmed that sellers are still present.

Support levels are seen at :

$7.200

$7.000

$6.600

Resistance levels are seen at:

$7.650

$7.850

MACD slow line is still negative and below the zero. Overall, the trend is still down, Watch for selling opportunities.