BTC analysis for October 20,.2021 - Strong buying pressure


Technical analysis:

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BTC has been trading upside with good momentum and I see no signs of the reversal yet.


Trading recommendation:
Due to strong bullish condition, my advice is to watch for buying opportunities on the pullbacks.

Next upside targets according to the Fibonacci projections are set at the price of $67,600 and $68,500

Stochastic oscillator is now showing any signs for the reversal yet.

Support is set at $64,500





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Petar Jacimovic
Analytical expert of InstaForex
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