FX.co ★ BTC update for June 07,.2023 - First upside objective reached, potentia lfor the further rally

Technical analysis:

BTC/USD has been trading upside as I expected and the market reached first upside objective at $27.415. I also found fake breakout of the support at $25.800, which is good sign for the further rally.

Due to the mid and long term upside and the fake breakout of the support cluster at the price of $25.800, I see potential for the further rally towards next upside objective.

Upside objective is set at the price of $$28.450

MACD oscillator is showing positive reading, which is good sign for the fuhrer rally...

Key support level is set at the price of $25.800