FX.co - BTC analysis for November 01,.2021 - Potential for the upside continuation

1 November 2021 at 12:20PM (UTC+0)

Relevance until2 November 2021 at 12:20PM (UTC+0)

Technical analysis:

BTC analysis for November 01,.2021 - Potential for the upside continuation

BTC has been trading flat in last few days at the price of $62,000 but I see today is the breakout day.

Trading recommendation:

Due to uptrend in the background and contraction in the last few days, I see potential for the upside continuation movement.

Watch for buying opportunities on the pullbacks with the upside objectives at the price of $63,540 and $66,600

Key support is set at the price of 59,500

*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 November 01,.2021 - Potential for the upside continuation