FX.co ★ BTC update for June 01,.2022 - Watch for the upside continuation

Technical analysis:

BTC has been trading sideways at the price of $31.680 but I still see potential for the upside movement towards upper level at $33.450 and upper parallel line.

Trading recommendation:

Due to impulsive movement in the background, i see potential for the upside continuation towards upper trend-line.

Watch for potential buying opportunities on the dips with the upside objective at $33.460.

Stochastic oscillator is showing new fresh bull cross, which is another confirmation that we might see upside movement.

Support is set at $31.200