FX.co - BTC update for November 22,.2022 - Rejection of the key support in the background

2022-11-22T16:38:52

Relevance until2022-11-23

Technical analysis:

BTC update for November 22,.2022 - Rejection of the key support in the background

BTC/USD has been trading upside today and I found rejection of the key support at $15.600, which is good sign for further upside movement.

Trading recommendation:

Due to the rejection of the support in the background, I see potential for the upside rotation towards upper extreme.

Watch for buying opportunities on the intraday dips with the upside objective at $17.000

Key support is set at he price of $15.600

*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 November 22,.2022 - Rejection of the key support in the background