empty
 
 
07.06.2023 09:29 AM
BTC update for June 07,.2023 - First upside objective reached, potentia lfor the further rally

Technical analysis:

This image is no longer relevant

BTC/USD has been trading upside as I expected and the market reached first upside objective at $27.415. I also found fake breakout of the support at $25.800, which is good sign for the further rally.

Due to the mid and long term upside and the fake breakout of the support cluster at the price of $25.800, I see potential for the further rally towards next upside objective.

Upside objective is set at the price of $$28.450

MACD oscillator is showing positive reading, which is good sign for the fuhrer rally...

Key support level is set at the price of $25.800

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback