BTCUSD is currently valued at $3,360 following a 2% loss on the day. Marginally above this value, BTC is facing resistance at the SMA50. The next resistance at $3,400 will be an uphill task to break considering the asset was rejected at the same level yesterday. Another hurdle exists at $3,500. Further up, additional movement will encounter a hurdle at $3,600 - last week’s resistance.
RSI is heading to the bottom towards the oversold as the bears battle to push the price lower. The declining trend is likely to continue throughout the session on December 13 and even test the support at $3,300.
RSI is heading to the bottom towards the oversold as the bears battle to push the price lower. The declining trend is likely to continue throughout the session on December 13 and even test the support at $3,300.