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BTC analysis for November 12,.2021 - Watch for the upisde movement towards $65.300

Technical analysis:

analytics618eab69cd8b3.jpg

BTC has been trading downside today but it found support at the rising trend line, which is good sign for further rally.

Trading recommendation:

Due to strong upside trend in the background, watch for potential buying opportunities.

Upside targets are set at the price of $65,320 and at the price of $68,565.

Stochastic is showing oversold condition, which is sign that there is potential for the upside rotation.

Support level is set at the price of $61,500

The material has been provided by InstaForex Company - www.instaforex.com