BTC analysis for November 03,.2021 - Potential for the upside continuation

Technical Analysis:


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BTC has been trading upside yesterday and there is strong breakout in the background. I see further rally on BTCUSD.


Trading recommendation:
Due to strong upside breakout I see potential for the upside continuation.

Watch for buying opportunities with the upside target at $66,600.

Bollinger bands are contracting, which is good sign to watch for the breakout.

Key support is set $62,400




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Petar Jacimovic
Analytical expert of InstaForex
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