BTC analysis for November 25,.2021 - Double bottom in the play

Technical Analysis:


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BTC has been trading upside today and there is the breakout of the contraction in the background, which is good sign for further upside movement.


Trading recommendation:
Due to oversold condition and potential for double bottom, I see potential for the upside movement.

Watch for buying opportunities on the dips with the upside objectives at $60,370 and $61,400.

Stochastic is showing fresh bull cross, which is another sign and confirmation for the upside movement.

Support level is set at $55,500




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Petar Jacimovic
Analytical expert of InstaForex
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