FX.co ★ BTC update for June 06,.2023 - Key support cluster on the test

Technical analysis:

BTC/USD has been trading downside but I found test and reject of the key support level at $25.800. I see potential for the upside rotation.

Due to the mid and long term upside and the test of the key support level, I see potential for the further rally towards upside references.

Upside objective is set at the price of $27.400

RSI oscillator is showing oversold condition, which is good sign for the further upside movement.

Key support level is set at the price of $25.800