FX.co ★ BTC update for July 29,.2022 - Potential for the upside continuation

Technical analysis:

BTC/USD has been trading upside in the background and there is breakout of the triangle pattern this morning for potential upside continuation.

Trading recommendation:

Due to the breakout of the consolidation today, I see potential for further rally.

Watch for potential buying opportunities on the intraday dips with the upside objectives at $25.360 and $27.625.

Stochastic is showing fresh bull cross, which is sign for the upside continuation.

Key support is set at the price of $23.700