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Technical analysis:
BTC has been trading upside as I expected and the price has reached the first upside objective at the price of $21.000. Anyway, I see potential for further upside movement due to the strong upside momentum in the background.
Trading recommendation:
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $22.500 and $24.000
MACD oscillator is showing upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $20.000
Relevance up to 08:00 2022-11-08 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.