25.11.202114:46 Forex Analysis & Reviews: BTC analysis for November 25,.2021 - Double bottom in the play

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Technical analysis:

BTC has been trading upside today and there is the breakout of the contraction in the background, which is good sign for further upside movement.

Trading recommendation:

Due to oversold condition and potential for double bottom, I see potential for the upside movement.

Watch for buying opportunities on the dips with the upside objectives at $60,370 and $61,400.

Stochastic is showing fresh bull cross, which is another sign and confirmation for the upside movement.

Support level is set at $55,500

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