20.12.202309:29 Forex Analysis & Reviews: BTC update for December 20, 2023 - Key resistance on the test

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Technical analysis:

BTC/USD has been trading upside and the key resistance zone at the price of $43.450 is on the test.

In case of the rejection of the resistance at $43.450, there is the chance for the downside movement towards the lower level of consolidation at $40.270

In case of the upside breakout of the resistance at at $43.450 and hold above, there is the chance for the upside movement towards $44.700

RSI oscillator is showing upside reading around 60, which is good sign that buyers are in control.

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