FX.co ★ BTC update for August 11,.2022 - Both targets reached and potetnial for furthe rally

Technical analysis:

BTC has been trading upside as I expected and the price reached both upside targets at $23.270 and $23.950. Anyway, I still see potential for further rally.

Trading recommendation:

Due to the strong upside momentum in the background and the weak pullbacks, I see potential for further upside continuation.

Watch for buying opportunities on the intraday dips with the upside objective at $25.450.

MACD oscillator is showing strong upside reading and no evidence for the reversal, which is sign that buyers are in control.

Key support is set at the price of $24.200