FX.co - BTC analysis for November 25,.2021

2021-11-25T12:46:55

Relevance until2021-11-26

Technical analysis:

BTC analysis for November 25,.2021 - Double bottom in the play

BTC has been trading upside today and there is the breakout of the contraction in the background, which is good sign for further upside movement.

Trading recommendation:

Due to oversold condition and potential for double bottom, I see potential for the upside movement.

Watch for buying opportunities on the dips with the upside objectives at $60,370 and $61,400.

Stochastic is showing fresh bull cross, which is another sign and confirmation for the upside movement.

Support level is set at $55,500

*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 25,.2021 - Double bottom in the play