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12.11.202119:59 Forex Analysis & Reviews: BTC analysis for November 12,.2021 - Watch for the upisde movement towards $65.300

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

Exchange Rates 12.11.2021 analysis

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

Petar Jacimovic
Analytical expert of InstaForex
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