FX.co ★ BTC update for June 16,.2023 - Potential for the further rally

Technical analysis:

BTC/USD has been trading upside yesterday and there is potential for the further rally due to rejection of the support trend-line.

Due to the rejection of the support and strong mid and long term upside trends, I see potetnial for the further rally.

Upside objectives are set at the price of $26.200 and $27.000

MACD oscillator is showing decreasing in the downside momentum, which is good sign for the upside rotation.

Key support is set at the price of $24.900