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Forex Analysis & Reviews: BTC update for December 01,.2022 - Potential for bigger rally
time 01.12.2022 09:57 AM
time Relevance up to, 02.12.2022 09:57 AM

Technical analysis:

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BTC/USD has been trading upside as I expected and the price had nice fallow trough after the breakout of the supply trend-line. I see potential for further growth towards upper objectives.

Trading recommendation:

Due to the strong upside pressure in the background and breakout of the key supply trend-line, I see potential for the further growth.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $21.350.

MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.

Key support is set at the price of $16.000

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