Technical analysis:
BTC/USD has been tradingupside this morning and I see potential for the further rally towards upper references.
Trading recommendation:
Due to the breakout of the trading range in the backgrtound, I see potential for further rally.
Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of $16.800 and $17.300.
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of$16.000
Relevance up to 08:00 2022-11-30 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.
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