BTC analysis for November 17,.2021 - Rejection of the 50 day moving average

Technical analysis:

BTC has been tradind flat today at the price of $60,500. I see potential for the upside continuation in the next period.

Trading recommendation:

Due to test and reject of 50 day average, I see potential for the upside rotation towards $62,700.

My advice is to watch for potential buying opportunities with the upside objective at the price of $62,700.

Key support level is set at the price of $57,800