24.11.202211:48 Forex Analysis & Reviews: BTC update for November 24,.2022 - Potential for further upside movement

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Technical analysis:

BTC/USD has been trading upside as I expected and I see potential for further growth due to the higher lows and higher highs in the background.

Trading recommendation:

Due to the strong upside pressure in the background and rejection of the key Fibonacci confluence in the background, I see potential for further growth.

Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of $17.100 and $17.300

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

Key support is set at the price of $16.300

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