FX.co - BTC analysis for November 09,.2021 - Strong upside momentum and potential test of $72.000

2021-11-09T12:42:07

Relevance until2021-11-10

Technical analysis:

BTC analysis for November 09,.2021 - Strong upside momentum and potential test of $72.000

BTC has been trading downside in last 10 hours but I see potential upside continuation towards new upside levels.

Trading recommendation:

My advice is to watch for buying opportunities due to strong upside trend in the background.

BTC is surfing the 20 EMA on hourly chart and that is good sign for further upside continuation.

Watch for buying opportunities with the next upside target at $71,500

Support level is set at the price of $65,500

*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 09,.2021 - Strong upside momentum and potential test of $72.000