FX.co - BTC update for December 22,.2022 - Watch for the breakout of the well defined trading range

2022-12-22T09:27:07

Relevance until2022-12-23

Technical analysis:

BTC update for December 22,.2022 - Watch for the breakout of the well defined trading range

BTC/USD has been trading inside of the well defined trading range and there is the chance for the breakout play.

Trading recommendation:

In case of the upside breakout of the resistance at $16.900, watch for buying opportunities with the upside objective at $17.400

In case of the downside breakout of the support at $16.700, watch for selling opportunities with the downside objective at $16.400

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

Analytical expert

Petar Jacimovic

FX.co ★ BTC update for December 22,.2022 - Watch for the breakout of the well defined trading range