FX.co ★ BTC update for December 02,.2022 - Potential for bigger rally

Technical analysis:

BTC has been trading sideways at the price of $17.000 but there is the breakout of the supply trend-line in the background, which is sign that buyers are in control.

Trading recommendation:

Due to the breakout of the supply trendline in the background, I see potential for furtehr growth.

Watch for the potential buying opportunities on the intraday dips with the next main upside objective at the price of $21.350.

MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.

Key support is set at the price of $16.000