FX.co - BTC analysis for October 28,.2021

28 October 2021 at 11:57AM (UTC+0)

Relevance until29 October 2021 at 11:57AM (UTC+0)

Technical analysis:

BTC analysis for October 28,.2021 - Buyers in control

BTC has been trading upside today and I see further upside continuation towards the Pitchfork Middle lane...

Trading recommendation:

Due to strong upside momentum today, I see potential for the further upside continuation.

Watch for buying opportunities on the pullbacks with the downside target at the price of $62,200.

Stochastic oscillator is showing overbought reading but with no evidence for the reversal.

Intraday support is set at the price of $60,370

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

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for October 28,.2021 - Buyers in control