Bitcoin: Good Sign For Further Rally And Potential Buying Opportunities

What Should We Expect From The Bitcoin Formation In The Near Future?

Technical analysis:

Exchange Rates 09.09.2022 analysis

BTC/USD has been trading upside in the background and there is the breakout of the supply trendline, which is good sign for further rally.

Trading recommendation:

Due to the breakout of the supply trend-line and strong upside momentum, I see further rally.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $21.940.

MACD oscillator is showing the fresh upside momentum and the reading is positive after long time, which is good sign for further rally.

Key support is set at the price of $19.000




Relevance up to 10:00 2022-09-10 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.

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What Should We Expect From The Bitcoin Formation In The Near Future?

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