Relevance up to 08:00 2022-08-10 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/USD has been trading downside today but I see potential for the bull flag pattern, which is sign of possible upside continuation. Trading recommendation: Due to thebull flag pattern in creation, I see potential for further rally. Watch for potential buying opportunities on the intraday dips with the upside objective at $24.550. Stochastic is showing overbought condition but with no evidence for the reversal. Key support is set at the price of $23.420
Read more: https://www.instaforex.eu/forex_analysis/287792
