BTC analysis for November 02,.2021 - First upside objective reached, potential for bullish continuation

Technical Analysis:

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BTC has been trading upside and the price reached first upside objective from yesterday at $63,500.


Trading recommendation:
Due to the breakout of the bull flag and strong upside trend, I see potential for the further upside continuation.

Watch for buying opportunities on the pullbacks.

Next upside objective is set at the price of $66,600

Stochastic oscillator got fresh bull cross, which is sign for further bullish movement.

Key support is set at $59,450




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Petar Jacimovic
Analytical expert of InstaForex
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