12.09.202210:32 Forex Analysis & Reviews: BTC update for September 12,.2022 - First objective has beeen reached at $22.000

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

BTC has been trading upside as I expected and the price reached first objective at the level $22.000 but I see potential for further rally towards next main target.

Trading recommendation:

Due to the strong upside momentum and no bigger signs for the reversal, watch for buying opportunities on the intraday dips with the upside objective at $25.000.

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

Key short term support is set at the price of $21.150

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex

Download MetaTrader 4 and open your first trade