Relevance up to 13:00 2022-08-11 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 has been trading upside this morning and I see potential for further rally. Trading recommendation: Due to the bullish momentum divergence in the background and the upside reaction, I see further rally. Watch for potential buying opportunities on the intraday dips with the upside objectives at $23.269 and $23.900. MACD oscillator is showing decreasing in the downside momentum, which is good sign for further rally. Key support is set at the price of $22.800
Read more: https://www.instaforex.eu/forex_analysis/288027
