Bitcoin Has Been Trading The Bottom Line, Will Be Further Rally?
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Technical analysis:
BTC has been trading upside as I expected and the price reached first objective at the level $22.000 but I see potential for further rally towards next main target.
Trading recommendation:
Due to the strong upside momentum and no bigger signs for the reversal, watch for buying opportunities on the intraday dips with the upside objective at $25.000.
MACD oscillator is showing fresh upside momentum, which is sign that buyers are in control.
Key short term support is set at the price of $21.150
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Relevance up to 10:00 2022-09-13 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.
Read more: https://www.instaforex.eu/forex_analysis/292352
