FX.co - BTC analysis for November 02,.2021 - First upside objective reached, potential for bullish continuation

2 November 2021 at 11:47AM (UTC+0)

Relevance until3 November 2021 at 11:47AM (UTC+0)

Technical analysis:

BTC analysis for November 02,.2021 - First upside objective reached, potential for bullish continuation

BTC has been trading upside and the price reached first upside objective from yesterday at $63,500.

Trading recommendation:

Due to the breakout of the bull flag and strong upside trend, I see potential for the further upside continuation.

Watch for buying opportunities on the pullbacks.

Next upside objective is set at the price of $66,600

Stochastic oscillator got fresh bull cross, which is sign for further bullish movement.

Key support is set at $59,450

*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 02,.2021 - First upside objective reached, potential for bullish continuation