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Technical analysis:
BTC/USD has been trading upside this morning and I found fake breakout of the support level at $29.200, which is sign that sellers could be in the trap.
Due to the strong rejection of the support at $29.200 and potential for the fake breakout of the consolidation, I see potential for the further rally towards upside references.
Upside objectives are set at the price of $29.670 and $30.110
Stochastic oscillator is showing bullish divergence and potential for the further rally...
Intraday support is set at the price of $29.000
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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