Relevance up to 13:00 2022-07-28 UTC+2 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.
Technical analysis:
BTC has been trading upside in the background and there is potential for the breakout of the downside channel. Trading recommendation: Due to the potential upside continuation of the growth in the background, I see potential for the rally. Watch for potential buying opportunities on the pullbacks with the upside objective at the price of $24.000 Stochastic is showing overbought condition but with no evidence for the reversal. Support is set at the price of $21.000
Read more: https://www.instaforex.eu/forex_analysis/286229
Read more: https://www.instaforex.eu/forex_analysis/286229
