FX.co ★ BTC update for November 29,.2022 - Potential for further rally

Technical analysis:

BTC/USD has been tradingupside this morning and I see potential for the further rally towards upper references.

Trading recommendation:

Due to the breakout of the trading range in the backgrtound, I see potential for further rally.

Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of $16.800 and $17.300.

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

Key support is set at the price of$16.000