FX.co ★ BTC update forJune 01,.2023 - Potential for the downside movement towards support cluster

Technical analysis:

BTC/USD has been trading downside yesterday and I found that price did back into the defined trading range. There is the chance for the price to go lower towards upport cluster.

Due to the failed breakout of the trading range to the upside, I see potential for the downside movement towards support cluster....

Downside objective is set at the price $26.054

MACD oscillator is showing downside reading, which is good sign for the further lower prices....

Key support cluster is set at the price of $26.000