FX.co ★ BTC update for June 28,.2022 - Double bottom pattern confirmed

Technical analysis:

BTC.USD has been upside this morning and there is confirmed double bottom formation in the background. I see potential for further rally.

Trading recommendation:

Due to the breakout of the double bottom pivot high and the early morning rally, I see potential for the upside continuation.

Watch for potential buying opportunities on the intraday dips with the upside objective at $24.765.

MACD oscillator is showing decreasing in the downside power, which is good sign for further rally.

Key support is set at the price of $20.500