FX.co ★ BTC update for August 01,.2022 - Potential for the upside movement

Technical analysis:

BTCUSD has been trading downside this morning but I see potential for the recovery due to lack of selling power.

Trading recommendation:

Due to bullish divergence in momentum this morning, I see potential for further rally.

Watch for buying opportunities on the intraday dips with the upside objectives at

$23.415

$23.885

Stochastic oscillator is showing bullish divergence, which is good sign for further rally.

Support is set at the price of $23.000