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FX.co ★ BTC update for September 12,.2022 - First objective has beeen reached at $22.000

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Crypto Analysis:::2022-09-12T08:32:08

BTC update for September 12,.2022 - First objective has beeen reached at $22.000

Technical analysis:

BTC update for September 12,.2022 - First objective has beeen reached at $22.000

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

Analyst InstaForex
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