FX.co ★ BTC update for March 09,.2022 - Both upside objectives has been reached

Technical analysis:

BTC has been trading upside as I expected. The price reached both upside objectives from yesterday at $39,700 and $41,000 and is heading towards third objective at $44,600.

Trading recommendation:

Due to strong upside momentum today, I see potential for further upside continuation after the downside correction.

My advice is to watch for buying opportunities on the pullbacks using the intraday time-frames.

Next main upside objective is set at the price of $44,665.

Stochastic is in overbought area but with no divergence yet, which is indication of the strong upside condition.

Key support is set at the price of $41,320