FX.co ★ BTC 12.27.2019 - Downward target reached at $7.075, watch for downside opportunities at $7.270

Bitcoin has been trading downward and reached my yesterday's target at the price of $7.075. I still expect more downside on the BTC but is good to wait for potential test of multi Fibonacci resistance at $7.270 to place sell order.

The target is set again at $7.067...

Stochastic oscillator is looking overbought but you should watch for fresh new bear cross before the next sell position.

Yellow rectangle – Important Fibonacci confluence and supply trendline

Watch for selling opportunities on the rallies...