FX.co ★ BTC update for June 30,.2023 - Breakout of the tight consolidation to the upside

Technical analysis:

BTC/USD has been trading upside this morning and I found breakout of the tight trading range to the upside, which is good sign for the further upside movement.

Due to the breakout of the defined tight range and the mid term upside trend, I see potential for the further growth towards the upside reference.

Upside objective is set at the price of $33.000

RSI oscillator is showing breakout of the supply trend line, which is good sign for the further rally.

Key support is set at the price of $29.800