FX.co ★ BTC analysis for February 16,.2022 - Upside breakout of consolidaiton

Technical analysis:

BTC has been trading upside yesterday and I found the breakout of the tight 3-day balance, which is good sign for further higher prices.

Trading recommendation:

Due to the breakout of the tight consolidation, I see further upside continuation.

Watch for buying opportunities on the pullbacks with the upside objectives at $45,700, $48,300 and $51,800.

Key support is set at $41,570

Short-term trend is still positive, which is another confirmation for the upside movement.