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29.11.202209:08 Forex Analysis & Reviews: BTC update for November 29,.2022 - Potential for further rally

Technical analysis:

Exchange Rates 29.11.2022 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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert of InstaSpot
© 2007-2024
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