FX.co - BTC analysis for November 03,.2021 - Potential for the upside continuation

2021-11-03T12:19:37

Relevance until2021-11-04

Technical analysis:

BTC analysis for November 03,.2021 - Potential for the upside continuation

BTC has been trading upside yesterday and there is strong breakout in the background. I see further rally on BTCUSD.

Trading recommendation:

Due to strong upside breakout I see potential for the upside continuation.

Watch for buying opportunities with the upside target at $66,600.

Bollinger bands are contracting, which is good sign to watch for the breakout.

Key support is set $62,400

*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 03,.2021 - Potential for the upside continuation