BTC analysis for November 17,.2021 - Rejection of the 50 day moving average

Technical Analysis:


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BTC has been tradind flat today at the price of $60,500. I see potential for the upside continuation in the next period.


Trading recommendation:
Due to test and reject of 50 day average, I see potential for the upside rotation towards $62,700.

My advice is to watch for potential buying opportunities with the upside objective at the price of $62,700.

Key support level is set at the price of $57,800




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Petar Jacimovic
Analytical expert of InstaForex
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