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BTC/USD has been trading downside this morning and I found breakout of the key support at the price of $16.320.
Due to the breakout of the key support in the background, I see potential for the downside movement.
Watch for the potential selling opportunities on the rallies with the downside objectives at $16.000 and $15.275.
MACD oscillator is showing downside reading, which is sign that sellers are in control.
Key resistance is set at the price of $16.380
Relevance up to 08:00 2022-11-29 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
