07.11.202209:15 Forex Analysis & Reviews: BTC update for November 07,.2022 - Breakout of the trading range and potential for bigger growth

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Technical analysis:

BTC has been trading upside as I expected and the price has reached the first upside objective at the price of $21.000. Anyway, I see potential for further upside movement due to the strong upside momentum in the background.

Trading recommendation:

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $22.500 and $24.000

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

Key support is set at the price of $20.000

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