empty
14.12.2021 06:08 PM
Trading signals for BITCOIN (BTC) on December 14 - 15, 2021: sell below $49,795 (200 EMA)

This image is no longer relevant

BTC is trading below the 200-day EMA and oscillating within a downtrend channel formed since December 4. Yesterday Bitcoin fell to the low of 45,624. From this level, it is rebounding with 49,795 and 52,425 (21 SMA) as short-term targets.

It is probable that the current technical bounce of the BTC could push the price to the resistance zone of the 200 EMA. Around this zone, we would have a good opportunity to sell with targets -1/8 of Murray located at 43,750.

The eagle indicator has reached the extreme oversold zone which could be a sign that Bitcoin could have a recovery for the next few days. As long as it remains below the psychological level of 50,000, momentum and a false break will be considered as a correction to resume a downward movement.

On the contrary, a daily and decisive close above 52,425, where the SMA of 21 is located, could be a clear sign that Bitcoin would be facing a recovery and could rise to the level of 56,250 (1/8) and up to the resistance of 2/8 at 62,500.

Given that each time the US dollar is strengthening and the Fed is determined to contain the inflation that is increasing every day, this could be a headwind for cryptocurrencies. Since cryptocurrency crosses are trading against the dollar, a stronger dollar could weaken Bitcoin and we could see a drop to the psychological level of $ 30,000 in the medium term.

Our trading plan for BTC is to buy above 46,500 and wait for it to hit the level of 50,000, to sell again with targets towards 43,750. The eagle indicator is giving a positive signal. Therefore, we can take advantage of the technical rebound seen in these hours.

Support and Resistance Levels for December 14 - 15, 2021

Resistance (3) 52,125

Resistance (2) 49,481

Resistance (1) 47,553

----------------------------

Support (1) 44,830

Support (2) 43,750

Support (3) 42,564

***********************************************************

A trading tip for BTC on December 14 - 15, 2021

Sell below 49,795 (200 EMA) with take profit at 43,750 (2-1/8) and 40,000, stop loss above 51,250.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Another Major Company Announces $1 Billion Raise to Buy Bitcoin

The cryptocurrency market is showing strong confidence. Given its correlation with the U.S. stock market—where historical highs are being updated—there is room to expect further growth in digital assets. However

Jakub Novak 10:50 2025-06-27 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 27

Bitcoin and Ethereum have paused their upward movement following yesterday's weak fundamental data, indicating a slowdown in the U.S. economy's growth. However, this wasn't the primary driver behind the pause

Miroslaw Bawulski 09:16 2025-06-27 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 26

Bitcoin and Ethereum are demonstrating stable growth amid new forecasts regarding the number of interest rate cuts expected from the Federal Reserve this year. Another dovish stance from

Miroslaw Bawulski 09:19 2025-06-26 UTC+2

Bitcoin Aims For Continued Growth

Yesterday, Bitcoin continued its upward movement, driven by the notably softer tone of Federal Reserve Chair Jerome Powell regarding the future of interest rates. His cautious remarks — that

Jakub Novak 12:42 2025-06-25 UTC+2

BTC/USD Analysis on June 25, 2025

The wave pattern on the 4-hour BTC/USD chart remains generally clear. We observed a corrective downward formation that completed near the $75,000 level. After that, a strong upward movement began

Chin Zhao 12:32 2025-06-25 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 25

Bitcoin and Ethereum continued their rally yesterday, triggered by news of a ceasefire between Iran and Israel. Federal Reserve Chair Jerome Powell's dovish tone during his testimony in the House

Miroslaw Bawulski 09:33 2025-06-25 UTC+2

BTC/USD Now trying to reach the level of 106000. Tuesday, June 24, 2025.

1. Market Sentiment Summary. When yesterday President Trump softened his aggression against Iran, it eased the current world geopolitical tensions, causing several market players to start returning to risky assets

Arief Makmur 07:36 2025-06-25 UTC+2

Bitcoin and Ethereum Regain Strength

Bitcoin and Ethereum are showing strong performance. After holding the $100,000 level, large buyers returned to their usual activity and have already pushed BTC back to the $105,000 area. Ethereum

Jakub Novak 10:52 2025-06-24 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 24

Bitcoin and Ethereum surged sharply after news emerged that Iran and Israel might halt their exchanges of strikes. U.S. President Donald Trump announced yesterday that Iran and Israel had agreed

Miroslaw Bawulski 10:04 2025-06-24 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 23

Bitcoin and Ethereum plummeted following speculation that Iran might block the Strait of Hormuz and begin bombing U.S. oil tankers in retaliation for American strikes. This triggered a massive sell-off

Miroslaw Bawulski 09:07 2025-06-23 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.