FX.co - BTC analysis for November 04,.2021 - Bullsih continuation pattern in the play

2021-11-04T13:01:01

Relevance until2021-11-05

Technical analysis:

BTC analysis for November 04,.2021 - Bullsih continuation pattern in the play

BTC has been trading sideways at the price of $62,000. I see potential for the upside continuation based on the previous price action.

Trading recommendation:

I see that there is the breakout of the bullish flag pattern in the background.

My advice is to watch for buying opportunities and set upside target at $66,700.

Stochastic is showing fresh bull cross and potential for another upside movement on the daily.

Support level is set at $59,750

*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 04,.2021 - Bullsih continuation pattern in the play