BTC update for June 12,.2023 – Potential for the upside movement towards upper reference.
June 12, 2023 8:28 am
Technical analysis:
BTC has been trading downside sideways at the price of $25.800 but I found that key support cluster at the price of $25.500 is on the test.
Due to the strong mid and long term upside trend on BTC and the test reject of the support cluster, I see potential for the upside movement towards upside references.
Upside objectives are set at $26.640 and $27.300
MACD oscillator is showing pullback within trend, which is good sign for the further higher prices.
Key support is set at the price of $25.450
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC
has been trading downside
sideways
at the price of $25.800 but I found that key support cluster at the
price of $25.500 is on the test.
Due
to the strong
mid and long term upside trend on
BTC and the test reject of the support cluster, I see potential for
the upside movement towards upside references.
Upside objectives are set at $26.640
and $27.300
MACD
oscillator
is showing pullback
within trend, which is good sign for the further higher prices.
Key
support is set at the price of $25.450
The material has been provided by InstaForex Company – www.instaforex.com
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