Crypto: Technical Analysis Of Bitcoin Price (BTC/USD) - 11/08/22

ByBit talks trading bots. What are they? How can they help?

Relevance up to 12:00 2022-08-12 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 - Technical analysis:

Bitcoin Price

BTC has been trading upside as I expected and the price reached both upside targets at $23.270 and $23.950. Anyway, I still see potential for further rally. Trading recommendation: Due to the strong upside momentum in the background and the weak pullbacks, I see potential for further upside continuation. Watch for buying opportunities on the intraday dips with the upside objective at $25.450. MACD oscillator is showing strong upside reading and no evidence for the reversal, which is sign that buyers are in control. Key support is set at the price of $24.200

Read more: https://www.instaforex.eu/forex_analysis/288193

 

Read more: https://www.instaforex.eu/forex_analysis/288193

ByBit talks trading bots. What are they? How can they help?

InstaForex Analysis

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