FX.co - BTC analysis for November 12,.2021 - Watch for the upisde movement towards $65.300

2021-11-12T17:59:44

Relevance until2021-11-13

Technical analysis:

BTC analysis for November 12,.2021 - Watch for the upisde movement towards $65.300

BTC has been trading downside today but it found support at the rising trend line, which is good sign for further rally.

Trading recommendation:

Due to strong upside trend in the background, watch for potential buying opportunities.

Upside targets are set at the price of $65,320 and at the price of $68,565.

Stochastic is showing oversold condition, which is sign that there is potential for the upside rotation.

Support level is set at the price of $61,500

*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 12,.2021 - Watch for the upisde movement towards $65.300