FX.co ★ BTC update for September 09,.2022 - Upside breakout of thee supply trendline

Technical analysis:

BTC/USD has been trading upside in the background and there is the breakout of the supply trendline, which is good sign for further rally.

Trading recommendation:

Due to the breakout of the supply trend-line and strong upside momentum, I see further rally.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $21.940.

MACD oscillator is showing the fresh upside momentum and the reading is positive after long time, which is good sign for further rally.

Key support is set at the price of $19.000