FX.co ★ BTC 12.26.2019 - Important Fibonacci confluence resistance is set at $7.305, watch for selling opportuntiies near this zone

Bitcoin has been trading sideways at the price of $7.192. I found multi-Fibonacci resistance pivot at the price of $7.305-$7.336, which is good zone for selling opportunities. I do expect down cycle and potential test of $7.075.

Stochastic oscillator is showing bull cross and my advice is to watch for fresh bear cross before you place sell order.

Resistance levels are seen at the price of $7.235 and $7.305

Support levels are set at $7.158 and $7.075 (main downward target)