FX.co - BTC analysis for October 20,.2021 - Strong buying pressure

2021-10-20T14:53:01

Relevance until2021-10-21

Technical analysis:

BTC analysis for October 20,.2021 - Strong buying pressure

BTC has been trading upside with good momentum and I see no signs of the reversal yet.

Trading recommendation:

Due to strong bullish condition, my advice is to watch for buying opportunities on the pullbacks.

Next upside targets according to the Fibonacci projections are set at the price of $67,600 and $68,500

Stochastic oscillator is now showing any signs for the reversal yet.

Support is set at $64,500

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for October 20,.2021 - Strong buying pressure