FX.co - BTC analysis for November 10,.2021 - Potential test of $71.000 in next period

2021-11-10T15:20:51

Relevance until2021-11-11

Technical analysis:

BTC analysis for November 10,.2021 - Potential test of $71.000 in next period

BTC has been trading upside in last few days in the background as we expected.

Trading recommendation:

Due to strong upside cycle on the BTC and rising lows, I still see potential for the another rise towards $71,000.

Watch for potential buying opportunities on dips with the upside target at $71,000.

Stochastic oscillator is showing fresh new upside reading, which is another sign of the strength.

Support level is set at $66,600

*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 10,.2021 - Potential test of $71.000 in next period