empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

22.12.202112:39 Forex Analysis & Reviews: Trading plan for Bitcoin for December 22, 2021

Exchange Rates 22.12.2021 analysis

Technical outlook:

Bitcoin climbed through the $49,500 mark on Tuesday taking out interim resistance. The crypto has been drifting sideways since then and is seen to be trading around $49,000 levels at the time of writing. Bulls will remain poised to push higher towards the next short term resistance around $52,000 mark before producing a meaningful pullback.

Bitcoin seem to have carved a base around $42,300 earlier, which was the Fibonacci 0.618 retracement of the entire rally between $28,800 and $67,000 levels respectively. Further, bulls have also managed to carve a higher low around $45,500 mark, close to the Fibonacci 0.618 retracement of the recent upswing between $42,300 and $52,000 mark respectively.

After finding support at the critical fibonacci levels Bitcoin bulls are now determined to push through fresh all-time highs above $70,000 mark. A break above $60,000 will confirm that bulls are back in control and are here to stay for longer period. Prices must stay above $40,000 mark to keep the above bullish structure intact.

Trading plan:

Potential rally towards $75,000 against $40,000

Good luck!

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaSpot
Download MetaTrader 4 and open your first trade
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.