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FX.co ★ BTC update for May 24,.2023 -Potential for the upside movement

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Forex Analysis

2023-05-24T08:05:33
iconRelevance until2023-05-25

BTC update for May 24,.2023 -Potential for the upside movement

Technical analysis:

BTC update for May 24,.2023 -Potential for the upside movement

BTC/USD has been trading sideways at the price of $26.680. I found the BTC is trading near the support cluster of the trading range, which is sign that there might be the upside rotation.

Upside rotation towards upside reference is in the play...

Upside objective is set at hte price of $27.445

RSI oscillator is showing oversold condition, which is good sign for the potential upside rotation....

Key support is set at the price of $26.400

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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