FX.co ★ BTC analysis for October 05,.2021 - Buyers in control

Technical analysis:

BTC has been trading upside towards $50,000. Buying pressure is still strong and there is potential for the test of $52,000.

Trading recommendation:

Watch for the intraday buying opportunities on the pullbacks with the next upside target at $52,000.

Stochastic is showing extreme upside condition but with no reversal, which is sign that buyers are in control.

Support level is set at $48,000