FX.co ★ BTC update for May 31,.2023 - Potential completion of the ABC downside correction

Technical analysis:

BTC/USD has been trading downside today and I see potential for the end of the downside correction ABC, which is good sign for the further higher prices.

Due to the strong mid-long term upside trend and potential end of the downside correction ABC, i see potential for the further growth.

Upside objective is set at the price of $28.450

Fast Stochastic oscillator is showing oversold condition and potential for the upside rotation....

Key support is set at the price of $26.900