BTC analysis for May 03,.2021 - BTC in the rising channel and with potential for test of $62.000

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Analyzing the current trading chart of BTC, I found that buyers are in control and that there is more space for upside continuation towards $62.000.

My advice is to watch for buying opportunities on the dips wit hthe main upside target at $61.900.

BTC is trading inside of the rising trend-channel, which is another confirmation for the upside trend.

Additionally, there is the no divergence on the Stochastic and the MACD is positive, which is good sign for the upside continuation....




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Petar Jacimovic
Analytical expert
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