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04.12.2023 10:37 AMTechnical analysis:
BTC/USD has been trading upside as I expected and the market reached first projected upside objective at $40.350. Buyers are still in control and there is chance for the further rally.
Due to the strong breakout of the ascending triangle in the background and the buyers in control, there is the chance for the further rally towards next upside reference.
Upside objective is set at the price of $45.000
RSI oscillator is showing reading about 80 level, which is sign that market might be overextend with potential for the pullback.
Support level is set at the price of $38.500
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