FX.co ★ BTC update for November 14,.2022 - Potential for further upside movement

Technical analysis:

BTC/USD has been trading upside this morning and I found breakout of the supply trend-line in the background, which is good sign for further rally.

Trading recommendation:

Due to the strong upside pressure today, I see potential for the further growth.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $18.450.

MACD oscillator is showing upside reading, which is strong sign that buyers are in control.

Key support is set at the price of $15.750