Relevance up to 13:00 2022-07-27 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:
BTCUSD has been trading sideways and there is the test of the lower trend-line in the background. Trading recommendation: Due to the test of the support in the background, I see potential for the rally on BTC. Watch for potential buying opportunities on the intraday dips and potential for the further rally. Upside objective are set at the price of $21.800 Stochastic oscillator is showing fresh bull cross, which is another sign for the upside movement. Key support is set at the price of $20.900
