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BTC/USD has been trading downside at the price of $16.400. Anyway, I see the downside movement like a pullback and potential for the further rise.
Due to the strong upside pressure and channeling mode to the downside , Isee potential for further upside continuation.
Watch for the potential buying opportunities with the key Fibonacci confluence support at $16.300.
Upside objectives are set at $17.000 and $17.500
Stochastic is showing bull reading, which is sign that there is chance for the upside continuation.
Key support is set at the price of $16.300
Relevance up to 09:00 2022-11-26 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.
