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29.07.202213:25 Forex Analysis & Reviews: BTC update for July 29,.2022 - Potential for the upside continuation

Technical analysis:

Exchange Rates 29.07.2022 analysis

BTC/USD has been trading upside in the background and there is breakout of the triangle pattern this morning for potential upside continuation.

Trading recommendation:

Due to the breakout of the consolidation today, I see potential for further rally.

Watch for potential buying opportunities on the intraday dips with the upside objectives at $25.360 and $27.625.

Stochastic is showing fresh bull cross, which is sign for the upside continuation.

Key support is set at the price of $23.700

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Petar Jacimovic,
Analytical expert of InstaSpot
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