Technical analysis:
BTCUSD has been treading upside after the pullback as we expected. I see potential for further rise and potential test of $53,450
Trading recommendation:
Due to strong upside momentum in the background, I see potential for further rise.
My advice is to watch for buying opportunities on the pullbacks with the upside target at $53,458
Stochastic is in overbought area so BTC might need correction before another upside cycle.
Key support is set at the price of $48,000
