FX.co ★ BTC update for May 23,.2023 - Breakout of the triangle to the upside

Technical analysis:

BTC/USDhas been trading upside this morning but I found breakout of the triangle pattern, which is good sign for the further higher prices.

Due to the fake breakout of the support in the background and the breakout of the triangle pattern, I see potential for the further growth towards upside references.

Upside objectives are set at $28.330 and $29.715

MACD oscillator is showing fresh bull reading, which is good sign for the further higher prices.

Key support is set at the price of $26.400