FX.co - BTC analysis for November 30,.2021 - Potential for further rally

30 November 2021 at 12:06PM (UTC+0)

Relevance until1 December 2021 at 12:06PM (UTC+0)

Technical analysis:

BTC analysis for November 30,.2021 - Potential for further rally

BTC has been trading sideways today but with strong reaction of the previous day low at $56,000.

Trading recommendation:

Due to the oversold condition in the background and strong upside cycle in the background, I see potential for the upside movement.

Watch for buying opportunities on the pullbacks with the upside objective at $59,950 and $62,450.

Support is set at the price of $53,500

*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 30,.2021 - Potential for further rally