FX.co ★ BTC update forJune 02,.2023 - Potential for the upside movement towards upside references

Technical analysis:

BTC/USD has been trading downside yesterday and I found exhaustion and breakout of the mini downside channel, which is good sign for the further growth.

Due to the rejection of the key support at $26.500 and the exhaustion pattern, I see potential for the further growth towards upside references.

Upisde objectives are set at the price of $27.560 and $28.000

MACD and RSC oscillators are showing bullish divergence, which is another good confirmation for the further upside movement.

Key support cluster is set at the price of $26.500