FX.co ★ BTC update for July 22,.2022 - Upside momentum and potential for further rally

Technical analysis:

BTC has been trading upside today and there is the rejection of the rising trend-line and the breakout of the consolidation.

Trading recommendation:

Due to the intraday upside cycle and and the breakout of the mini contraction today, I see potential for further rally.

Watch for potential buying opportunities on the intraday pullbacks.

Upside objectives are set at the price $24.100 and $25.350

Stochastic oscillator is showing bullish run and extreme condition but with no evidence for the reversal.

Key support is set at the price of $22.250