FX.co ★ BTC analysis for December 02,.2020 - Potential for the upside continuation and test of $20.400

Further Development

Analyzing the current trading chart of BTC, I found that that BTC is in contraction and there is potential for the upside continuation.

My advice is to watch for buying opportunities on the dips with potential upside target at the price of $20,400.

Stochastic oscillator is starting to flip to the upside with potential test reject of the middle Bollinger band, which is sign that buyers are still in control.

Key resistance is set at thge price of $20,000