FX.co - BTC update for July 28,.2022 - Potential for the upside continuation

2022-07-28T12:12:41

Relevance until2022-07-29

Technical analysis:

BTC update for July 28,.2022 - Potential for the upside continuation

BTC has been trading upside in the background. There is potential for the upside continuation after the pullback

Trading recommendation:

Due to the strong upside momentum from yesterday, watch for buying opportunities on the pullbacks.

Upside objective is set at the price of $24.000.

Stochastic is showing oversold condition and fresh bull cross, which is sign for the further upside movement.

Support level is set at the price of $22.300

*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 update for July 28,.2022 - Potential for the upside continuation