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Technical Outlook Of Bitcoin (BTC/USD) - 24.11.2022

Bitcoin

www.fxmag.com 24 November 2022 10:27, UTC
  
Reading time: ~2 m

Technical analysis:

Exchange Rates 24.11.2022 analysis

BTC/USD has been trading upside as I expected and I see potential for further growth due to the higher lows and higher highs in the background.

Trading recommendation:

Due to the strong upside pressure in the background and rejection of the key Fibonacci confluence in the background, I see potential for further growth.

Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of $17.100 and $17.300

Stochastic oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.

Key support is set at the price of $16.300

Relevance up to 10:00 2022-11-25 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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