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09.08.202208:26 Forex Analysis & Reviews: BTC update for August 09,.2022 - Bull flag pattern in creation and potential for the upside continuation

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Technical analysis:

BTC/USD has been trading downside today but I see potential for the bull flag pattern, which is sign of possible upside continuation.

Trading recommendation:

Due to thebull flag pattern in creation, I see potential for further rally.

Watch for potential buying opportunities on the intraday dips with the upside objective at $24.550.

Stochastic is showing overbought condition but with no evidence for the reversal.

Key support is set at the price of $23.420

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