FX.co ★ BTC analysis for August 21,.2021 - Upside pressure with potential for test of $53.000

Technical analysis:

BTC has been trading upside as I expected. The price reached first objective at the price of $50,000 but I see potential for the test of second target at $53,000.

Trading recommendation:

BTC is trading in the defined upside trend and the pullback plays are the best option under current condition.

Watch for buying opportunities on the pullbacks with the next upside target at $53,000

Stochastic oscillator is in overbought area but with evidence of the reversal....