Relevance up to 13:00 2022-07-23 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 today and there is the rejection of the rising trend-line and the breakout of the consolidation. Trading recommendation: Due to the intraday upside cycle and and the breakout of the mini contraction today, I see potential for further rally. Watch for potential buying opportunities on the intraday pullbacks. Upside objectives are set at the price $24.100 and $25.350 Stochastic oscillator is showing bullish run and extreme condition but with no evidence for the reversal. Key support is set at the price of $22.250
Read more: https://www.instaforex.eu/forex_analysis/285630
