Bitcoin Has Still A Lot Of Potential For The Further Rise
Aa
Share
Technical analysis:
BTC/USD has been trading upside as I expected and the price has reached the Fibonacci projection at $17.800. Anyway, there is still a lot of potential for the further rise towards main objective.
Trading recommendation:
Due to the strong upside pressure in the background and breakout of the key supply trend-line, I see potential for further growth towards the Pitchfork median line.
Watch for the potential buying opportunities with the upside objective at $21.350 and $22.400
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $16.725
Relevance up to 09:00 2022-12-15 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.
