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05.10.2021: Forex Analysis & Reviews: BTC analysis for October 05,.2021 - Buyers in control


Technical
analysis:

analytics615c35004afc6.jpg


BTC
has been trading upside towards $50,000. Buying pressure is still
strong and there is potential for the test of $52,000.


Trading
recommendation:


Watch
for the intraday buying opportunities on the pullbacks with the next
upside target at $52,000.


Stochastic
is showing extreme
upside condition but with no reversal, which is sign that buyers are
in control.


Support
level is set at $48,000

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

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