FX.co ★ BTC analysis for January 04,.2021 - Upside breakout

Technical analysis:

BTC has been trading upside and there is the breakout of the consolidation range, which is sign for further rise.

Trading recommendation:

Due to the breakout of the mini consolidations, there is chance for the upside movement.

Watch for buying opportunities on the pullbacks with the upside objective at $48,500.

Stochastic is showing overbought condition but with no reversal signal.

Support level is set at the price of $46,300