FX.co ★ BTC update for June 12,.2023 - Potential for the upside movement towards upper reference.

Technical analysis:

BTC has been trading downside sideways at the price of $25.800 but I found that key support cluster at the price of $25.500 is on the test.

Due to the strong mid and long term upside trend on BTC and the test reject of the support cluster, I see potential for the upside movement towards upside references.

Upside objectives are set at $26.640 and $27.300

MACD oscillator is showing pullback within trend, which is good sign for the further higher prices.

Key support is set at the price of $25.450