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30.05.2023 10:39 AM
BTC update for May 30,.2023 - Breakout of the trading range to the upside

Technical analysis:

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BTC/USD has been trading downside this morning but I see potential end of the downside correction and start of the new upside movement.

Due to the breakout of the trading range and the natural pullbacks, I see potential for the further rally towards upside objective.

Upside objective is set at the price of $29.800

Stochastic oscillator is showing fresh bull cross from the oversold condition, which is good sign for the further rally.

Key support is set at $27.500

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