BTC analysis for August 24,.2021 - Potential for test of $53.000

Technical analysis:

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BTC has been trading sideways at the price of $49,250 but there is potential for the test of important pivot at $53,000.


Trading recommendation:
Watch for buying opportunities on the pullbacks wit the upside target at $53,000.

Support level is set at the price of $48,000

Stochastic oscillator is showing overbought condition with bear cross but there is no price action to confirm.




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Petar Jacimovic
Analytical expert of InstaForex
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