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FX.co ★ BTC analysis for December 01,.2020 - Balancing mode on BTC and potential for the imbalanced regime

BTC analysis for December 01,.2020 - Balancing mode on BTC and potential for the imbalanced regime

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BTC analysis for December 01,.2020 - Balancing mode on BTC and potential for the imbalanced regime

Analyzing the current trading chart of BTC, I found that the price is trading sideways at the important pivot level at $19,500.

My advice is to watch carefully the price action around key pivot at $19,500.

The downside movement and strong momentum can lead us for test of $17,500

The upside breakout of the the key pivot at $19,500 can lead us for test of $20,800.

Key Pivot: $19,500

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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