FX.co ★ BTC update for May 26,.2022 - Potential for the rally

Technical analysis:

BTCUSD has been trading sideways and there is the test of the lower trend-line in the background.

Trading recommendation:

Due to the test of the support in the background, I see potential for the rally on BTC.

Watch for potential buying opportunities on the intraday dips and potential for the further rally.

Upside objective are set at the price of $21.800

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

Key support is set at the price of $20.900