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FX.co ★ BTC update for August 01,.2022 - Potential for the upside movement

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Crypto Analysis:::2022-08-01T11:42:24

BTC update for August 01,.2022 - Potential for the upside movement

Technical analysis:

BTC update for August 01,.2022 - Potential for the upside movement

BTCUSD has been trading downside this morning but I see potential for the recovery due to lack of selling power.

Trading recommendation:

Due to bullish divergence in momentum this morning, I see potential for further rally.

Watch for buying opportunities on the intraday dips with the upside objectives at

$23.415

$23.885

Stochastic oscillator is showing bullish divergence, which is good sign for further rally.

Support is set at the price of $23.000

Analyst InstaForex
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