FX.co ★ BTC analysis for July 23,.2020 - Breakout of the Upper Bollinger band and potential for the test of $9.750 and $10.000

Technical analysis:

BTC has been trading upside and I found that there is the breakout of the Bollinger upper band and contraction, which is strong sign for the further upside. I see potential for test of $9,750 and $10,000.

Trading recommendation:

Watch for potential buying opportuntiies on the dips since the BTC is on the breakout mode.

The upward targets are set at the price of $9,750 and $10,000

Stochastic oscillator is is showing new momentum up, which is good sign for the further upside continaution.