FX.co - BTC update for June 21,.2023 - Strong upside momentum

2023-06-21T08:30:02

Relevance until2023-06-22

Technical analysis:

BTC update for June 21,.2023 - Strong upside momentum

BTC/USD has been trading upside and I found breakout of the downside channeling mode with strong momentum.

Due to the breakout of the downside channel and strong upside momentum, I see potential for the further growth towards upside references.

Upside objectives are set at the price of $29.760 and $31.000

MACD oscillator is showing increasing in the upside momentum, which is good confirmation for the further upside movement.

Key support is set at the price of $25.000

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC update for June 21,.2023 - Strong upside momentum