BTC analysis for November 10,.2021 - Potential test of $71.000 in next period

Technical Analysis:


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BTC has been trading upside in last few days in the background as we expected.


Trading recommendation:
Due to strong upside cycle on the BTC and rising lows, I still see potential for the another rise towards $71,000.

Watch for potential buying opportunities on dips with the upside target at $71,000.

Stochastic oscillator is showing fresh new upside reading, which is another sign of the strength.

Support level is set at $66,600




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Petar Jacimovic
Analytical expert of InstaForex
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