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

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Forex Analysis

5 October 2021 at 11:21AM (UTC+0)
iconRelevance until6 October 2021 at 11:21AM (UTC+0)

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

Technical analysis:

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

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:

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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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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